IBM and RedHat

Following this for some time.  Here Marketwatch calls it a big win. 

Opinion: IBM’s expensive and risky pivot to the cloud is finally paying off

Published: Oct. 25, 2022 at 3:10 p.m. ET,  By Alex Salkever

Red Hat is a bright spot for the company, which is starting its third transformation in history

International Business Machines agreed to buy open-source enterprise-software company Red Hat for a whopping $33 billion in 2019, its biggest acquisition ever.

Critics scoffed that the deal was folly. Everyone knew it was a big bet, even for a behemoth such as IBM IBM, +2.78%. The purchase also represented a one-way door that IBM chose to go through — a shift to become primarily an open-source software company.

Red Hat’s business was built on selling services and support for software that anyone could freely download and deploy. Yes, the rising popularity of open-source meant Red Hat would likely continue to be a critical component in enterprise computing.

Read: This one stock stands out when looking at key data from the FAANG+ group

But those critics thought Big Blue would struggle to be one of the open-source cool kids and that its old-school culture would kill Red Hat’s vibe. Most importantly, Red Hat’s business model could never hope to touch the profitability of Big Blue’s tidy proprietary software and hardware businesses. .... ' 

(Much More)