Computer Business Review: Will Oracle Buy Red Hat?
Oct 27, 2006, 13:30 (11 Talkback[s])
How to Help Your Business Become an AI Early Adopter
"Linux vendor Red Hat Inc saw over $1bn wiped from its market
capitalization in early trading after Oracle Corp announced that it
was going to offer a Red Hat Enterprise Linux clone, leaving the
company open to a potential takeover bid.
"Red Hat's shares closed at $19.51 before Oracle's chief
executive officer, Larry Ellison, announced that Oracle would offer
Linux support at half the price of Red Hat. They opened Thursday at
$15.75, having slumped 19.2% in after hours trading..."