IBM announced yesterday that it is buying Red Hat for $34 billion, making it IBM’s largest deal to date and the third largest in the history in the US tech industry.
After announcing the plan to close the deal sometime in the second half of next year, executives from the two companies held a joint conference call fleshing out the details. Here’s what they had to say.
According to Arvind Krishna, Senior Vice President of Hybrid Cloud at IBM, this move represents a “game changer” that will redefine the cloud market. Krishna was joined by Paul Cormier, Executive Vice President and President of Products and Technologies at Red Hat.