January 6, 2004

Red Hat Gearing Up for Acquisitions? Linux Firm To Raise $400M

Are the folks at Red Hat preparing to expand their Linux offensive?

Could be.

Red Hat triggered talk of acquisitions on Monday when it disclosed plans to raise $400 million in debt that would come due in 2024. The company
declared in a statement that it also would be expanding its international operations. Another $80 million in debt will be made available to initial
purchasers. The company said.

Link: localtechwire.com


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