A Game Changer for IBM?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 29 October 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
IBM agrees to buy Red Hat for $33 billion. Analysts Emily Flippen and Jason Moser talk about what the deal means for investors and dig into the latest from Amazon and Twitter.
Transcript
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| 0:00.0 | Thanks to NetSuite by Oracle, the business management software that handles every aspect of your business in an easy to use cloud platform. |
| 0:07.8 | Get the free guide crushing the five barriers to growth at netsuite.com slash Fool. |
| 0:14.0 | It's Monday, October 29th. |
| 0:17.0 | Welcome to market foolery. |
| 0:19.0 | I'm Matt Greer and joining me in studio |
| 0:21.0 | we have Motley Full Antlist analyst Emily Flippin and Jason |
| 0:23.9 | Moser welcome hey hey how we feeling feel great that that did not sound |
| 0:29.6 | very enthusiastic so you got to pump it up you got to to pump it up. There you go. There you go. There you go. Mondays. Okay. Well, we have a big deal to talk about that we're going to get to and we're going to talk some Amazon and Twitter because we didn't really get to talk about Amazon's earnings or |
| 0:42.6 | Twitter's earnings last week Jason and it was an abbreviated week yeah you guys |
| 0:46.1 | right there in Denver partying down having fun that's right that's right we were we were we |
| 0:50.3 | had a great member of in in Denver but it means that we didn't get to talk about some of the big stories from last week. |
| 0:56.0 | But we're going to begin with a big story this week. |
| 0:59.0 | IBM making a big deal. |
| 1:02.0 | On Sunday, IBM agreeing to buy red hat for 33 billion or 190 in cash per share. |
| 1:08.9 | Now that is a 63% premium to wear red hat closed on Friday. |
| 1:13.9 | That sounds like a lot, right? |
| 1:15.4 | It is. |
| 1:16.2 | Yeah, not bad. |
| 1:17.6 | And IBM CEO, Jenny Rametti, says the deal is all about, quote, |
| 1:21.8 | resetting the cloud landscape. |
| 1:25.0 | Okay, so Emily, I want to get into that here in a minute. |
| 1:28.0 | The press release announcing the deal describes Red Hat as, quote, |
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