https://thenextweb.com/dd/2018/10/28/ibms-acquisition-of-red-hat-is-huge-news-for-the-linux-world/

IBM today announced it would be acquiring iconic Linux firm Red Hat in a $34 billion all-cash deal.

According to a joint statement issued by both companies, IBM will pay $190 for each share of Red Hat, with Big Blue intending to absorb its latest purchase into its Hybrid Cloud division.