The brim reaper: Red Hat will buy JBoss.

PositionTRIANGLE

Red Hat, a Raleigh-based software maker, agreed to buy Atlanta-based JBoss for as much as $420 million in cash and stock--$350 million upfront and $70 million that's performance-based. Red Hat packages and services the Linux operating system, a competitor of Microsoft Windows. JBoss makes software that connects operating systems with Internet applications such as reservation systems. Red Hat likes...

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