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IBM Buying Open Source Specialist Red Hat for $34 Billion

Business, Spoken

English - October 30, 2018 16:31 - 4 minutes - ★★★★ - 16 ratings
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IBM just spent $34 billion to buy a software company that gives away its primary product for free. IBM Sunday said it would acquire Red Hat, best known for its Red Hat Enterprise Linux operating system. Red Hat is an open source software company that gives away the source code for its core products. That means anyone can download them for free. And many do. Oracle even uses Red Hat’s source code for its own Oracle Linux product.
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IBM just spent $34 billion to buy a software company that gives away its primary product for free. IBM Sunday said it would acquire Red Hat, best known for its Red Hat Enterprise Linux operating system. Red Hat is an open source software company that gives away the source code for its core products. That means anyone can download them for free. And many do. Oracle even uses Red Hat’s source code for its own Oracle Linux product.

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