IBM closes $34B Red Hat deal, vaults into multi-cloud
IBM has finalized its $34 billion purchase of Red Hat and says it will use the Linux powerhouse’s open-source know-how to enable larger scale customer projects and to create a web of partnerships to simplify carrying them out.
“A lot of our mutual clients are interested in doing a lot more,” says Arvind Krishna, Senior Vice President, IBM Cloud & Cognitive Software in a blog post. “Many see this as an opportunity for us to create large industry ecosystems with other providers who are optimized on this common infrastructure. …If Red Hat were to do this on their own, there would be a limit to how much they can scale. Together, we can put a lot more resources into optimizing other partners.”