Red Hat for me had become less relevant over time as they stopped servicing individuals to focus on commercial Linux. The one great thing was their commitment to GPL and FOSS.
According to CNBC Red Hat will become a unit of IBM's Hybrid Cloud division. The vision of the company is clearly dead as it will be impossible to put the financial interests of IBM stockholders after principles.
What can be monetized will be. What can't will be abandoned. At least this is the common approach taken when open source companies are acquired.
I expect there will be forks as stakeholders in various projects act to protect themselves.
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