Red Hat to Buy JBoss for $350 Million
An AP newswire article, via Yahoo! News, reports that:
Red Hat Inc., a developer of open source software, said Monday it has agreed to buy software maker JBoss for $350 million in stock and cash.More here.
The acquisition, split 40 percent to 60 percent between cash and Red Hat common stock, is expected to be completed in May.
In addition to the $350 million initial payment, Red Hat could pay a $70 million bonus depending on future performance.
posted by Fergie @ 4/10/2006 09:00:00 AM
0 Comments:
Post a Comment
<< Home