Add as a preferred source on Google


News

Michael Dell Invests $100 Million in Red Hat

Dell Inc. chairman and founder Michael Dell is investing $100 million in Red Hat, the Linux distributor that often stands in as a symbol for the open-source movement's challenge to Microsoft's OS dominance.

The Dell investment comes through Michael Dell's private investment firm, MSD, which bought $99.5 million in debentures from Red Hat. CNN/Money reported the transaction this week, citing Securities Exchange Commission filings.

Dell's purchase is the largest share of $600 million in debentures offered by Red Hat in January 2004. Debentures are similar to bonds.

As of the Windows 2000 launch five years ago, Dell Inc. was one of Microsoft's most visible partners. While the companies still work closely together, the nation's No. 1 PC maker often aligns itself with Red Hat in major deals and announcements.

Meanwhile, CNET News.com cited an unnamed source in reporting this week that Microsoft CEO Steve Ballmer met Red Hat CEO Matthew Szulik for a meal at a restaurant in New York in late March. Neither company directly confirmed the meeting.

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Nebula

    Ahead of AGI, Microsoft and OpenAI Redefine Their Partnership

    In a recapitalization announced Tuesday, OpenAI has launched a new public benefit corporation (PBC) called OpenAI Group, giving Microsoft a 27 percent ownership stake valued at approximately $135 billion.

  • Veeam Acquires Securiti AI To Unify Data Resilience and AI Security

    Veeam Software is making a strategic move into AI and data security by acquiring Securiti AI for $1.7 billion.

  • Microsoft Adds 'Mico' Virtual Assistant to Copilot in Major Fall Update

    In a significant feature update, Microsoft on Thursday said it is reshaping its Copilot AI platform with features that deepen user personalization and enable real-time group collaboration, among other perks.

  • Nutanix Partner Central Rolls Out To Boost Channel Engagement

    Nutanix on Wednesday launched a new platform, Partner Central, to give its channel partners a unified digital workspace for managing sales, tracking incentives and collaborating more effectively.

Most   Popular