Mon. 10/29 - Big Blue Gets Red Hat
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 29 October 2018
⏱️ 16 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home from Monday October 29th. |
| 0:07.0 | I'm Chris Higgins in for Brian McCullough. |
| 0:09.0 | Today, IBM buys Red Hat. |
| 0:12.0 | Museums get new ways to preserve video games, |
| 0:15.0 | Sony announces the full list of titles for its retro PlayStation mini console, |
| 0:19.0 | DJI has a drone for first responders, |
| 0:22.0 | and a look at a site I just heard of starting this weekend |
| 0:25.5 | called GAB. Let's go. |
| 0:28.8 | Big news in the Enterprise Software World, Big Blue, that's IBM of course, announced that it's acquiring Red Hat in a deal valued at $34 billion. |
| 0:37.0 | IBM will pay cash to buy all of Red Hat's shares and $190 each. |
| 0:42.0 | By the way, that valuation is about 60% higher than Red Hat's |
| 0:45.2 | closing price on Friday. At the time I wrote this story Red Hat was up about 50% |
| 0:49.3 | in Monday's trading. After the deal goes through Red Hat will become part of IBM's hybrid cloud division. |
| 0:55.0 | Red Hat provides popular versions of the open source Linux operating system, |
| 0:59.0 | along with services and support to keep them running. |
| 1:01.0 | This is a big deal for lots of reasons, but the first is really the |
| 1:04.1 | bigness of the financial transaction involved. Here's one way to put it in perspective, quoting |
| 1:08.9 | CNBC. The acquisition is by far IBM's largest deal ever and the third biggest in the history of US Tech. |
| 1:16.2 | Excluding the AOL Time Warner merger, the only larger deals were the 67 billion dollar merger between Dell and EMC in 2016 and JDS |
| 1:25.0 | Unifaz's 41 billion dollar acquisition of optical component supplier |
| 1:29.2 | SDL in 2000 just as the dot-com bubble was bursting." |
| 1:33.0 | Now, the other big deal aspect of this acquisition is the apparent trend of big software |
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