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Tech Brew Ride Home

Mon. 10/29 - Big Blue Gets Red Hat

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, Technology, News

4.71K Ratings

🗓️ 29 October 2018

⏱️ 16 minutes

🧾️ Download transcript

Summary

IBM buys Red Hat, museums get new ways to preserve video games, Sony announces the full list of titles for its retro PlayStation mini-console, DJI has a drone for first responders, and a look at the service Gab. Links: IBM to acquire Red Hat in deal valued at $34 billion (CNBC) Forget Watson, the Red Hat acquisition may be the thing that saves IBM (TechCrunch) IBM’s Old Playbook (Stratechery) Copyright Law Just Got Better for Video Game History (Motherboard) Exemption to Prohibition on Circumvention of Copyright Protection Systems for Access Control Technologies (PDF - US Copyright Office, Library of Congress) Here are the 20 games shipping with the PlayStation Classic (TechCrunch) DJI's latest Mavic 2 drone is built for search and rescue (Engadget) Two more platforms have suspended Gab in the wake of Pittsburgh shooting (TechCrunch) On Gab, an Extremist-Friendly Site, Pittsburgh Shooting Suspect Aired His Hatred in Full (New York Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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