https://apnews.com/49bbfde9965c4e7c8bd1f31744e8eab7

RALEIGH, N.C. (AP) — IBM says it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal.

The technology and consulting company announced Sunday it would buy all Red Hat shares at $190 apiece — 63 percent above Red Hat's closing price Friday. The two companies said the deal is subject to Red Hat shareholder and regulatory approval and should be completed in the latter half of 2019.