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A comment on IBM is splitting itself into two public companies. Parent comment

Re:IBM is splitting itself into two public companies by bleepblorp on Friday October 09, 2020 @12:18AM (#24726781)
RedHat revenues likely aren't enough to keep all of half-IBM afloat. It's vaguely possible that IBM could go into Chapter 7 if things go badly enough. That's the worst-case scenario I was speaking to.
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Re:IBM is splitting itself into two public companies by indigodaddy on Friday October 09, 2020 @01:04AM (#24727003)
Ok I get that part, but surely Red Hat/RHEL itself wouldn’t perish as a result?
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Re:IBM is splitting itself into two public companies by bleepblorp on Saturday October 10, 2020 @12:35AM (#24736713)
If a company goes into chapter 7, the entire company is disbanded and its assets are sold off. In that scenario, Red Hat, as a division of IBM, would cease to exist.
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Re:IBM is splitting itself into two public companies by indigodaddy on Saturday October 10, 2020 @02:01AM (#24736957)
Perhaps. My point is that Red Hat will still thrive under whatever parent company they wind up in. Red Hat would still be a thing. A very huge thing, and still a very huge moneymaker. Red Hat doesn’t disappear.
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