MarketWatch First Take: The true lesson of IBM’s move for Red Hat: Open-source has truly arrived

International Business Machines Corp.’s hefty $34 billion deal to buy Red Hat Inc. is the biggest proof yet that the 20-year-old movement of free and open software can lead to a real revenue-generating business, thanks to new advances in technology.

In the case of IBM IBM, -4.13% , an early participant and supporter of the open-source movement, its planned acquisition of Red Hat RHT, +45.38% is expected to add at least $2.6 billion in much-needed new revenue to a once again declining sales total. That agreement comes after three huge deals for open-source companies this year: Cloudera Inc.

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