https://www.cnbc.com/2018/10/29/ibms-red-hat-acquisition-is-a-desperate-deal-says-analyst.html

IBM's $34 billion acquisition of Red Hat is a last-ditch effort by IBM to play catch-up in the cloud industry, analyst Joel Fishbein told CNBC on Monday.

"It's a desperate deal by a company that missed the boat for the last five years," the managing director at BTIG said on "Closing Bell." "I'm not surprised that they bought Red Hat, I'm surprised that it took them so long. They've been behind the cloud eight ball."