IBM’s announcement that it wants to pay $34 billion for open source leader Red Hat raised the eyebrows of everyone who follows enterprise tech. The largest software acquisition in history, and for what? Revenues that represent little more than a rounding error for the Armonk behemoth? Open source software that IBM could get for free? Bragging rights, perhaps? None of these explanations can hardly explain the serious green Big Blue is paying for Big Red. Here’s my take.
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