Red Hat, the leading Linux distributor, announced on April 10 that it has entered into a definitive agreement to acquire open-source Java middleware company JBoss.
JBoss has been rumored to be on the acquisition block for months. Earlier this year there was much speculation that Oracle was going to acquire the Atlanta-based JBoss, but JBoss CEO Marc Fleury said he had no immediate plans to sell the company.
Red Hat will pay at least $350 million for JBoss. That will be made up of 40 percent cash and 60 percent Red Hat stock. An additional $70 million may be paid depending upon JBoss' financial performance. Oracle had been alleged to have been looking to pay from $300 million to $480 million for JBoss.
I think that's better than Oracle buying them.
