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VMware plan to buy Redhat?
by Planet Lowyat on 19/08/08 at 10:08 pm
Are you serious? Are you kidding? VMware plan to buy Redhat?
According to MSNBC, open source software supplier Red Hat is racking up growth figures that much of techdom might envy. Sales rose 32%, to $157 million, in the quarter ended May 31, and profits climbed a respectable 7%.
One possible suitor is virtualization software company VMware (VMW), which some industry executives says is on the lookout for an operating system to add to its portfolio. Former VMware CEO Diane Greene, ousted by her board in July, had set up meetings with Red Hat in part to position VMware as friendly to open source and possibly as a prelude to a buyout discussion, according to a person familiar with the conversations. Representatives of both companies declined to comment.
Read more on MSNBC.
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