Comment on HashiCorp joins IBM to accelerate multi-cloud automation
karpintero@lemmy.world 5 months ago
$6.4B for HashiCorp on the heels of $4.6B for Apptio and $34B for Red Hat back in 2018. I wonder how long until they expect each of these acquisitions to be accretive?
AAA@feddit.de 5 months ago
Acquisitions don’t need to pay for themselves. Ideally they do, but sometimes it’s enough if they just help the company’s main business stay in business, or grow.
IBM is making $30bn+ in gross profit each year.
haui_lemmy@lemmy.giftedmc.com 5 months ago
One of the many companies that should definitely be barred from acquiring any more companies and rather be broken up into smaller companies.
AAA@feddit.de 5 months ago
Double edged sword, but yeah.
haui_lemmy@lemmy.giftedmc.com 5 months ago
Not at all. Nation sized companies are authoritarian rogue-states which happen to provide a good product. We should treat them as the danger to our planet that they are.