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Redhat is staying with IBM, not going to the spin-off:

>Besides the Red Hat portfolio and Global Business Services, IBM will retain its systems business, software portfolio focused on big data, AI and security, and mission-critical public cloud service.

https://www.crn.com.au/news/ibm-spins-off-global-technology-...

That poster still hangs. There's a copy in the Annex also just down the street a little from Red Hat Tower (I took a picture last time I was there for training around this time last year actually).

How is this announcement related to Red Hat?

"The NewCo spin-off leaves IBM with Red Hat as its crown jewel, “laser-focused” on the US$1 trillion hybrid cloud opportunity, IBM CEO Arvind Krishna said in a press release." https://www.crn.com.au/news/ibm-spins-off-global-technology-...

But that's not RedHat "breaking free" as the parent comment sugggested. They're exactly where they were before, just with a slightly smaller parent company now.