This is the kind of news that takes you a while to process. One moment the open source community was worrying about how a code of conduct might change things for Linux as a whole, and one blink of the eye later we have International Business Machines (IBM) swallowing up Red Hat for $190 a share. IBM is completely buying out the company from its shareholders in a hostile takeover, and the deal is still subject to regulatory approval in various countries that both companies operate in. Still, it’s a lot to process.
UPDATE: A previous version of this article said that IBM had held talks with shareholders at Red Hat. This is incorrect, because in the press release it is stated that Red Hat’s board agreed to the purchase of the company, pending shareholder approval, and finally governmental approval. I apologise for the mistake.