https://adtmag.com/articles/2018/10/29/ibm-red-hat.aspx

IBM announced on Sunday plans to acquire leading enterprise open source software provider and long-time Java Community Process (JCP) leader Red Hat in a $34 billion stock deal.

Described by Big Blue as IBM's most significant acquisition and the most significant tech acquisition of 2018, the deal represents "a landmark moment for both companies and is a major step forward in IBM's ongoing focus on high-value business, the transformation of our portfolio, and our leadership in the emerging era of AI and cloud."