IBM's next move

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4 • 400 Ratings

🗓️ 4 December 2018

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

In October, IBM announced it would acquire open source software pioneer Red Hat for $34bn. The deal resonated with Wall Street, but making the two companies work together will be another challenge. The FT’s Richard Waters digs into IBM's history and what its tie-up with Red Hat signals about the future.

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Is this a connection?
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0:28.0	AI and take action today.
0:31.2	IBM made headlines in October when it announced a massive acquisition.
0:35.0	It was the biggest deal in the company's 107 year history.
0:38.0	IBM announced its purchasing red hat.
0:41.0	IBM making its biggest acquisition ever. IBM would be acquiring red hat. hat. I.
0:43.0	I'm acquiring red hat.
0:45.0	Red hat.
0:46.0	Red hat. Red hat. I'm attempting to become the world's largest hybrid cloud provider.
0:50.0	A hybrid cloud is a... IBM once dominated the computing market, but with the rise of cloud computing,
0:58.8	the companies found itself on the back foot. Sales at the company fell six years in a row leading up to the end of
1:05.7	2017. But with the acquisition of Red Hat, some investors are wondering if Chief Executive
	...

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