I was shocked when IBM acquired Red Hat a few years ago. I had silently assumed at the time that Red Hat was far bigger than IBM nowadays, so the reverse would have made more sense to me.
honestly I think it's a net positive (for me at least) because it ensures Fedora has great POWER support (I'll never be able to afford a POWER machine at this rate, but the architecture is an absolute pleasure to work with whenever I have to)