https://www.theverge.com/2018/10/28/18035086/ibm-red-hat-acquisition-open-source-cloud-software-company

IBM announced this afternoon that it will acquire open-source software company Red Hat for $34 billion. The deal will help IBM expand its reach as an enterprise cloud computing provider.

Red Hat describes itself as a leading provider of open source software and services for enterprise customers, focusing on cloud computing and Linux servers. In 2012, it became the first company providing open-source software to surpass $1 billion in revenue. It will now become a part of IBM’s Hybrid Cloud division.