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IBM Buys "Red Hat" Open-Source Software Company for $34 Billion

IBM Buys "Red Hat" Open-Source Software Company for $34 Billion

October 29, 2018Swati Khandelwal
It's been quite a year for the open source platforms. Earlier this year, Microsoft acquired popular code repository hosting service GitHub for $7.5 billion , and now IBM has just announced the biggest open-source business deal ever. IBM today confirmed that it would be acquiring open source Linux firm Red Hat for $190 per share in cash, working out to a total value of approximately $34 billion. Red Hat, known for its Red Hat Enterprise Linux (RHEL) operating system, is a leading software company that offers open-source software products to the enterprise community. Even Oracle uses Red Hat’s source code for its Oracle Linux product. Red Hat's last year revenue was $2.4 billion, and this year the company has earned $2.9 billion. But if Red Hat products are open source and updates are free, you might be wondering how does the company earn. Red Hat was one of the first companies who found a successful way to make money from free open-source software. It offers consul
Oracle acquires DNS provider Dyn for more than $600 Million

Oracle acquires DNS provider Dyn for more than $600 Million

November 22, 2016Mohit Kumar
Yes, Oracle just bought the DNS provider company that brought down the Internet last month. Business software vendor Oracle announced on Monday that it is buying cloud-based Internet performance and Domain Name System (DNS) provider Dyn. Dyn is the same company that was hit by a massive distributed denial of service (DDoS) attack by the Mirai botnet last month which knocked the entire Internet offline for a few hours, crippling some of the world's biggest and most popular websites. Since the company provides cloud-based DNS service to customers such as Spotify, Netflix, Twitter and Pfizer, the acquisition will help Oracle's cloud customers to optimize their infrastructure costs and performance. According to the press release , the Dyn acquisition "extends the Oracle cloud computing platform and provides enterprise customers with a one-stop shop for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS)." "Oracle Cloud customers will
Verizon Set to Buy Yahoo for $5 Billion — Here's Why a Telecom is so Interested!

Verizon Set to Buy Yahoo for $5 Billion — Here's Why a Telecom is so Interested!

July 22, 2016Swati Khandelwal
Finally, Someone has come forward to buy Yahoo! Guess Who? The telecommunication giant Verizon . Yes, Verizon Communications Inc. is reportedly closing in on a deal to acquire Yahoo’s core business for about $5 Billion, according to a report from Bloomberg. Since the agreement between the companies has not been finalized, it is unclear at this moment that which Yahoo's assets the deal would include. "In order to preserve the integrity of the process, we're not going to comment on the issue until we've finalized an agreement," a Yahoo spokeswoman said in a statement provided to CNNMoney. You might be wondering Why Verizon is buying Yahoo! Well, I’ll come to it in the second half of my article, because before discussing this point, let’s first focus on why Yahoo! wants to get acquired. Why Yahoo Was Up For Sale? Founded in 1995, Yahoo! was once the brightest star of the Web. But when its rivals including Google, Facebook and even few-years-old com
Breaking: Microsoft to buy LinkedIn for $26.2 BILLLLLION

Breaking: Microsoft to buy LinkedIn for $26.2 BILLLLLION

June 13, 2016Swati Khandelwal
Breaking News for today: Microsoft has announced that it is planning to acquire LinkedIn, the social network for professionals, for $26.2 Billion in cash. Yes, Microsoft announced today that it would buy LinkedIn for $196 per share in an all-cash transaction valued at $26.2 BILLLLLLION. It is so far the biggest acquisition made by Microsoft, which has made 8 takeovers, including Skype in 2011 and Nokia in 2013, worth more than $1 Billion. According to the tech giant, LinkedIn will retain its own brand and product, and also LinkedIn's existing CEO Jeff Weiner will remain as the company's chief executive. LinkedIn will now become a part of Microsoft's productivity, and business processes segment and Weiner will report directly to Microsoft CEO Satya Nadella. Here's what Nadella said about the deal: "The LinkedIn team has grown a fantastic business centered on connecting the world's professionals. Together we can accelerate the growth of Linked
Record-Breaking Deal: Dell to Buy EMC for $67 Billion

Record-Breaking Deal: Dell to Buy EMC for $67 Billion

October 12, 2015Wang Wei
Yes, Dell is going to acquire data storage company EMC in a deal worth $67 BILLLLLLION – the largest tech deal of all time. It's record-breaking... Computing giant Dell on Monday finally confirmed that the company is indeed going to purchase the company for creating what it calls " the world’s largest privately-controlled, integrated technology company. " Most of you might not have heard of EMC corporation, but it is a tech titan that operates many of the services you use nowadays. EMC offers data center storage and data processing for big technology companies, and now it is been acquired by Dell. " The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment, " Michael Dell, CEO and chairman of Dell, said in a statement . The acquisition will benefit Dell to create a new company that will sell a broad range of both consumer as well as
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