"IBM" Buys "Red Hat", Sort Of....

Well, that gives an idea of the importance of this move for the world of open access:

Open access pioneer BioMed Central has been acquired by Springer, ScientificAmerican.com has learned.

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Those in the open access movement had watched BioMed Central with keen interest. Founded in 2000, it was the first for-profit open access publisher and advocates feared that when the company was sold, its approach might change. But Cockerill assured editors that a BMC board of trustees "will continue to safeguard BioMed Central's open access policy in the future." Springer "has been notable...for its willingness to experiment with open access publishing," Cockerill said in a release circulated with the email to editors.