Monday, October 29, 2018

IBM will buy Red Hat for $34B

THE DAILY CRUNCH
MONDAY, OCTOBER 29 2018 By Anthony Ha

IBM is buying Red Hat, Twitter is not removing its Like button (yet) and Red is selling a big, expensive phone. Here's your Daily Crunch for October 29, 2018.

1. IBM to buy Red Hat for $34B in cash and debt, taking a bigger leap into hybrid cloud

The deal is all about IBM taking a bigger bet on the cloud, and very specifically cloud services that blend on-premises and cloud-based architectures — something that the two companies have already been working on together since May.

IBM said the acquisition has already been approved by the IBM and Red Hat boards, but is still subject to Red Hat shareholder and regulatory approvals. If all goes as planned, it's expected to close in the latter half of 2019.

2. No, Twitter is not removing its Like button 'soon', but it is considering it

In response to a story reporting that it would "soon" remove the Like button, the company said it's been "considering" a move like this — but there's no timeline, and it's not happening in the near future.

3. The Red Hydrogen One phone exists — but should it?

As described by Brian Heater, the new phone from Red is big and bold and bizarre. Oh, and pricing starts at $1,299.

4. Walmart's test store for new technology, Sam's Club Now, opens next week in Dallas

The retailer will test out new concepts like mobile checkout, an Amazon Go-like camera system for inventory management, electronic shelf labels, wayfinding technology for in-store navigation, augmented reality and AI-infused shopping.

5. Here are the 20 games shipping with the PlayStation Classic

The list includes "Final Fantasy VII," "Grand Theft Auto" and "Metal Gear Solid."

6. DJI releases a modified Mavic 2 drone aimed at enterprise

The base of the folding drone is the same as the commercial one that launched a few months back, but there are a few updates on-board aimed specifically at enterprise customers.

7. Another week, another set of TechCrunch podcasts

This week, we've got another Equity episode about market turmoil, plus two Original Content episodes about (respectively) "Hold the Dark" and "The Haunting of Hill House." Best of all, after taking a few weeks off, TechCrunch Mixtape is back with a discussion of Super Mario Party!

Get more stories at techcrunch.com 

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