Red Hat buys JBoss Inc.

, Apr 10, 2006

Red Hat will acquire JBoss for approximately $350 million in initial consideration, plus approximately $70 million subject to the achievement of certain future performance metrics. The transaction consideration is composed of approximately 40% in cash and 60% in Red Hat common stock. The acquisition is expected to be completed around the end of Red Hat’s first fiscal quarter (May 2006), subject to customary closing conditions, including regulatory approval.

Press release, FAQ [via Loek Bakker]