At a recent meeting of the shareholders of Red Hat, the terms of the deal to sell the Red Hat business to IBM were agreed. The owners of 141 million shares of Red Hat voted to conduct the transaction, the owners of 181 thousand shares spoke against, and the owners of 462 thousand shares abstained. This is reported by the News and Observer
Earlier in October, the deal was agreed at the level of boards of directors of Red Hat and IBM. Until the transaction is completed, it remains to obtain permission from the antimonopoly services of the countries in which the companies are registered. The transaction is scheduled for completion in the second quarter of 2019. The amount of the transaction is approximately $ 34 billion, estimated at $ 190 per share (now the value of the Red Hat share is $ 175, and at the time of the announcement of the transaction was $ 116).
Recall that after the completion of the takeover, Red Hat will continue to operate as a separate unit in the IBM Hybrid Cloud group. IBM will retain the open development model adopted by Red Hat and will continue to support the community that has evolved around Red Hat products. Including will continue to participate in various open source projects, the development of which was involved the company Red Hat. In addition, IBM and Red Hat will continue to defend the interests of free software, providing patent protection and the ability to use their patents in open source software.