(Reuters) - IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services.
Sounds like Mr. Young left Red Hat in 2005 so I am assuming this is nothing more than interesting business news. I hope Scott Mitchell didn’t advise him to get out back then.
For those that complain about Bob Young, he has done nothing but lose $$$ owning the Ticats.
Losing money on the Ticats (The team Bob loves) just became a little more palitable it seems.
Maybe to celebrate he can walk out with a live tiger for our playoff game??
That is not correct. The team turned a profit in 2015 and I would think every year since then with the new revenue streams of the stadium. Perhaps overall since 2004 he has lost money but you could say that about any investment.
No one in their right mind would go after an NHL team for Hamilton IMHO as they are going to have to pay Toronto and Buffalo rights money. No one in their right mind.
People think it’s this huge impossible thing. It’s not. You present a big enough cheque too the NHL and buffalo and toronto, they’ll be a team here tomorrow.
If Bob has 34 extra Billion, he could get it done for a small fraction of that.
There’s enough millionaires in the GTHA, it would only take a group of a few of them to make it happen.
Spec article says he retained a small equity stake. Small stake of 34B could be a sizable chunk.
Hopefully Bob is as big a hockey fan. Form an ownership group with some other well heeled friends, make the NHL an offer they can’t refuse and you never know.
Lol settle down there pal. Just having a conversation. If I had a few billion dollars, I’d definitely call up some of my financially capable friends and try and deliver Hamilton its long deserved and well over due NHL team. I’d make my money back 10 fold and be a hero.
Good thing Bob has you too watch out for him though