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AOL in Negotiations to Buy Red Hat | |
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| Time: 04:10 EST/09:10 GMT | News Source: Washington Post | Posted By: Byron Hinson | ||
AOL Time Warner Inc. is in talks to buy Red Hat Inc., a prominent distributor of a computer operating system, an acquisition that would position the media giant to challenge arch rival Microsoft Corp., according to sources familiar with the matter. Red Hat, a publicly traded firm based in Durham, N.C., sells products and services based on the Linux operating system, the freely available software developed collaboratively by volunteers. Linux is designed for a wide variety of gear, running corporate computer servers and consumer devices such as personal computers, cell phones and video games. | ||
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