IBM Acquires Red Hat
Red Hat becomes an independent entity within IBM.
IBM has completed the acquisition of Open Source company Red Hat for approximately $34 billion. Founded in 1993 as a Linux vendor, Red Hat has evolved into an open-source infrastructure player. Red Hat has become synonymous with successful ‘Open Source’ business model that’s often called the Red Hat Business Model.
Red Hat has become one of the most successful Open Source companies, clocking in at around $3.4 billion in annual revenues. The company will become an independent entity within IBM as part of IBM’s Cloud and Cognitive Software segment.
Red Hat will continue to be led by Jim Whitehurst and its current management team. Whitehurst will report to IBM CEO, Ginni Rometty.
IBM will maintain Red Hat’s headquarters in Raleigh, North Carolina, its facilities, brands, and practices.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
AUR Repository Still Under DDoS Attack
Arch User Repository continues to be under a DDoS attack that has been going on for two weeks.
-
RingReaper Malware Poses Danger to Linux Systems
A new kind of malware exploits modern Linux kernels for I/O operations.
-
Happy Birthday, Linux
On August 25, Linux officially turns 34.
-
VirtualBox 7.2 Has Arrived
With early support for Linux kernel 6.17 and other new additions, VirtualBox 7.2 is a must-update for users.
-
Linux Mint 22.2 Beta Available for Testing
Some interesting new additions and improvements are coming to Linux Mint. Check out the Linux Mint 22.2 Beta to give it a test run.
-
Debian 13.0 Officially Released
After two years of development, the latest iteration of Debian is now available with plenty of under-the-hood improvements.
-
Upcoming Changes for MXLinux
MXLinux 25 has plenty in store to please all types of users.
-
A New Linux AI Assistant in Town
Newelle, a Linux AI assistant, works with different LLMs and includes document parsing and profiles.
-
Linux Kernel 6.16 Released with Minor Fixes
The latest Linux kernel doesn't really include any big-ticket features, just a lot of lines of code.
-
EU Sovereign Tech Fund Gains Traction
OpenForum Europe recently released a report regarding a sovereign tech fund with backing from several significant entities.