IBM to buy Linux maker Red Hat to stay relevant in the cloud

IBM is the granddaddy in computing. Some might even call it the last surviving dinosaur. It has more or less survived lately on the server business but the rise of the cloud and cloud providers has seen its name overshadowed and almost forgotten. Now it’s adopting a strategy that may make it more enticing for those who want to move to the cloud without being locked in. The company has just announced a bid to acquire a fellow granddaddy, this time in the Linux space: Red Hat.