https://www.greenwichtime.com/business/article/IBM-in-33B-buy-of-pioneering-open-source-vendor-13344736.php

IBM is spending $33 billion to acquire Red Hat, pledging to maintain the Raleigh, N.C. pioneer’s legacy of innovation on open-source software that can be run across computing platforms.

IBM, which has its headquarters close by Greenwich in Armonk, N.Y., trumpeted the deal announced Sunday as helping Big Blue push a vision of a “hybrid cloud” paradigm in which businesses can run their software applications over the Internet for access from any device, as well as within their own information technology infrastructure.