IBM sits draped over the bar at The Cloud or Bust saloon. In walks Red Hat
https://www.theregister.co.uk/2018/10/29/ibm_red_hat_analysis/
Analysis IBM has spent a good long spell slumped at the bar in the last chance saloon for businesses figuring out how to make a mark in the public cloud arena. The proposed buy of Red Hat is supposed to change all that.
The audacious $34bn bid for Red Hat last night equates to a $190 per share offer, a 63 per cent premium to the free and open-source software (FOSS) vendor's closing stock market valuation on Friday.
