IBM Closes Red Hat Deal: Promises “Benefits” by End-Summer 2019


IBM has closed its $34 billion Red Hat acquisition – one of the technology industry’s largest ever deals. The company said that “clients will begin benefiting from IBM and Red Hat before the end of the summer” in a short statement published today, promising the release of a “new hybrid multicloud platform”.

A conference call is scheduled for 12:30 Eastern Time. Red Hat president and CEO Jim Whitehurst emailed staff today to say that [IBM president and CEO Ginni Rometty] “understands, values and supports our unwavering commitment to open source. That will remain unaltered and we will continue to offer the

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