At a press conference, he expressed his expectation that the acquisition will have no impact on internal running of the organisation instead it will “all the while preserving our unique culture and unwavering commitment to open source innovation.” 1įor Red Hat employees, nothing will change. Red Hat’s CEO Jim Whitehurst views the acquisition as an opportunity for his company to reach IBM’s wide consumer base. Hybrid cloud innovation will power forward as Red Hat becomes a “distinct unit” within IBM’s Hybrid Cloud team. The acquisition runs on a lexicon of equal partnership and innovation: both sides talk about “joining forces”.
Although Red Hat had previously flirted with other buyers, no others could (or were willing to) outbid IBM. Economists and political commentators have frameworks to tackle it, but allowing tech giants to grow and absorb small competitors has squashed tech democracy.Įarlier this year, the tech world looked on as IBM acquired open-source software provider Red Hat in a whopping $34bn deal, going down in history as the largest software acquisition of all time.
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