Cloud Native

What IBM’s Purchase of Red Hat Will Mean for Open Source

2 Nov 2018 3:00pm, by

Welcome to The New Stack Context, a weekly podcast where we discuss the recent news in the world of cloud native software development and deployment at scale.

In this week’s episode, we will be discussing the news about IBM acquiring Red Hat for $34 billion, with special guests Ritesh Patel, co-founder at Nirmata, and Benjamin Ball, TNS marketing director and native of Raleigh North Carolina, corporate headquarters of Red Hat.

Every once in a while, an acquisition comes along with the potential of drastically changing the business landscape. Think back to Oracle buying Sun Microsystems, or, more recently, Microsoft buying GitHub. IBM’s purchase of Red Hat could very well be in that category. IBM is buying Red Hat for $34 billion, a 64 percent premium over Red Hats closing price last Friday. This event is significant in several different ways, not to mention that this is the largest software-only acquisition to date. For this podcast, we discuss the effects the purchase has on the open source ecosystem, on the competitive cloud services market, and on the employees of both Red Hat and IBM.

Our regular host, TNS editor Libby Clark is out this week, so Alex Williams, founder and editor in chief at The New Stack hosted this episode, with the assistance of TNS managing editor Joab Jackson.

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Red Hat is a sponsor of The New Stack.


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