IBM's new president explains exactly how an avocado toast breakfast with Ginni Rometty led to the $34 billion acquisition of Red Hat — and how he got over his gut feeling that it was a bad idea (IBM)

Business Insider

05 May 2020 0 shares 1 views

IBM's new president explains exactly how an avocado toast breakfast with Ginni Rometty led to the $34 billion acquisition of Red Hat — and how he got over his gut feeling that it was a bad idea (IBM)

Business Insider

Published 05 May 2020

· *IBM's new President Jim Whitehurst recalls the quirky meeting when ex-CEO Ginni Rometty first proposed a merger with Red Hat.*
· *Rometty ordered avocado toast for Whitehurst when they met. Then she slipped a piece of paper across the table, the term sheet for an offer to buy Red Hat. "Of course I lost all my appetite,"...

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· *IBM had expected to slow down its M&A since buying Red Hat last year for $34 billion. *
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Business Insider 02 May 2020

IBM's new president explains exactly how an avocado toast breakfast with Ginni Rometty led to the $34 billion acquisition of Red Hat — and how he got over his gut feeling that it was a bad idea (IBM)

IBM's new president explains exactly how an avocado toast breakfast with Ginni Rometty led to the $34 billion acquisition of Red Hat — and how he got over his gut feeling that it was a bad idea (IBM)

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Here are 9 companies IBM could buy given that new CEO Arvind Krishna said that it will get back to its 'acquisitive strategy' in a few months, according to experts (IBM)

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