https://www.cnbc.com/2018/10/28/ibm-to-acquire-red-hat-in-deal-valued-at-34-billion.html > IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued at $34 billion, the companies announced on Sunday. > According to a joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each.