https://medium.com/futuresin/ibm-will-acquire-red-hat-for-34-billion-273b767d4f21

We live in a world where Microsoft thinks it can remain relevant by buying GitHub, and owning open-source engineering data. That was $7.5 Billion and Microsoft can afford it, it’s the 2nd company to be worth $1 Trillion dollars. IBM had been on decline for a long time, but investing in blockchain and this definately does give them some life.

Interestingly, prior to the acquisition, Red Hat’s market capitalization stood at approximately $20.5 billion. In short Red Hat, Inc. is an American multinational software company providing open-source software products to the enterprise community.