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Source: Special – Commission Magic

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3 Things IBM Sees In Red Hat That Others Missed – Panos Mourdoukoutas

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Red Hat was up for sale for quite some time, according to some sources. Several potential buyers passed on the opportunity, including Google. But not IBM. IBM paid big bucks for the open source software solutions company. At a price tag of $33 Billion. That makes Red Hat valued at one-third of IBM’s current market cap, and more than twice Big Blue’s cash chest. What did IBM see in Red Hat that others are missing? Simple. A strategic fit that could help the technology giant expand into emerging segments of the IT industry, and turn its fortunes around…….

Read more: https://www.forbes.com/sites/panosmourdoukoutas/2018/11/03/3-things-ibm-sees-in-red-hat-that-others-missed/#3d745c4924cf

 

 

 

 

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