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Red Hat Explains ArsDigita Purchase

Posted by Hemos on from the good-move-by-the-hat dept.

hezron writes "Red Hat VP, Howard Jacobson, sent a mass email explaining their acquisition of ArsDigita's assets. Here is the press release concerning the acquisition." The press release is actually a quick FAQ about the purchase - Howard does a good job of explaining the purchase and the reasons for it. Howard's a smart guy, and I hope that the purchase of AD will mean a longer life then how AD's past management was handling it.

1 of 136 comments (clear)

  1. Hah! A face saving move... by aquarian · · Score: 3, Insightful
    RedHat's 'purchase' of Ars Digita allows Greylock to bury the aD losses in the RH books

    You're being way too polite... this was nothing but a face-saving move by the vulture capitalists... better than just saying the company tanked and shut its doors (which is the real truth).