Red Hat scoops up JBoss

[icecoolz]

update Linux distributor Red Hat said Monday that it signed an agreement to buy open-source company JBoss for at least $350 million, a move that expands Red Hat's product line and adds to its growth potential.

The transaction involves 40 percent cash and 60 percent Red Hat stock, with an additional $70 million owed, subject to financial performance. Red Hat said the deal, which is expected to close next month, will add to the company's earnings next year.

SOURCE:

http://news.com.com/Red+Hat+scoops+u...ml?tag=nl.e498

I dont know about you, but this is def an interesting development if you ask me. Which leads to the question, is opensource really "open source" ???

[JGuru]

Red Hat, Inc., the world's leading provider of open source solutions to the enterprise, today announced that it has entered into a definitive agreement to acquire JBoss, the global leader in open source middleware. By acquiring JBoss, Red Hat expects to accelerate the shift to service-oriented architectures (SOA), by enabling the next generation of web-enabled applications running on a low-cost, open source platform.

Read the full-story at the link below:
http://www.osdir.com/Article8535.phtml

NOTE: JBoss is the world's leading open source application Server written
in Java language. The other heavy-weights include WebLogic , WebSphere
both of which are commercial ones.

[QwertyManiac]

A similar post is hardly 3 slots down, dont you even see other posts?

Here, posted by icecoolz

Reported

[Nemesis]

Merged.

@JGuru: At least check the front page of the forum section before making a post!