RALEIGH – From the day the Red Hat-IBM deal was announced for $ 34 billion in October last year, there have been concerns about whether Hatters' innovative corporate culture would survive. IBM CEO and CEO Ginni Rometty pointed out on Tuesday that Red Hat would remain independent as promised.
"I don't have a death wish of $ 34 billion," Rometty said in a conversation with Red Hat's CEO Jim Whitehurst at the Red Hat Summit in Boston.
"I don't buy them to destroy them. It's a win-win for our customers. It's a way to drive more innovation."
Both leaders declared Red Hat independence the day the deal was announced.
Red Hats CEO: Merger with IBM Already Creates Collisions
In their own comments on Tuesday, Whitehurst said that meetings to plan the merger between the leaders of the two companies have already shown differences in corporate cultures.
The combination of tech giants, with Red Hat based in Raleigh, moved a big step toward completion Monday when IBM announced that the Ministry of Justice had approved the deal. But Whitehurst told the summit that EU approval is still needed.
Rometty is scheduled to be in Raleigh on Saturday to deliver the start address at the NC state's upgrading.
She also gets the chance to see red Hat's new logo at the top of the company's downtown Raleigh HQ tower.
Ministry of Justice approves $ 34B IBM acquisition of Red Hat