https://arstechnica.com/information-technology/2018/10/ibm-buys-red-hat-with-eye-on-cloud-dominance/

This is no trick, and whether it's a treat remains to be seen: IBM and Red Hat executives announced Monday that IBM is acquiring the open source software and cloud services company in a $34 billion cash deal.

Red Hat will remain a standalone business unit within IBM, and an IBM spokesperson said that IBM "will remain committed to Red Hat’s open source ethos, its developer community and its open source community relationships." Red Hat will maintain its current leadership team and remain in its current headquarters and facilities. The culture will remain as well—though it's possible IBM and Red Hat may cross-pollinate a bit more than they have in the past.