On Sun, 28 Oct 2018, 22:22 Chris Murphy, <li...@colorremedies.com> wrote:

> On Sun, Oct 28, 2018 at 2:17 PM, Antonio Trande <anto.tra...@gmail.com>
> wrote:
> > "IBM to acquire Red Hat in deal valued at $34 billion"
> >
> >
> https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-red-hat.html
>
>
> Official press release.
>
> https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-provider
>
> The reported deal is $34 billion, and Red Hat's closing market cap on
> Friday was ~$20 billion, that's a big price premium. I'm not a lawyer
> let alone a securities lawyer, but my guess is if Red Hat management
> had refused the deal, I think they'd face shareholder lawsuits. So
> anyone looking to be mad, it would be completely understandable, but
> this is basically a shareholder driven deal.
>
> Also, "distinct unit" is vague and next to meaningless. Until
> acquisition details are released, there's no way of knowing exactly
> what level of autonomy Red Hat is going to have, let alone what it
> means for CentOS and Fedora.
>
> For what it's worth, SUSE and openSUSE have been through a few of
> these over the years, and openSUSE is still kicking.
>
>
> I hope many red hatters working in Fedora have stock and/or options!
>

/Andreas

> --
> Chris Murphy
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