IBM is acquiring Red Hat, a major distributor of open-source
software and technology, in a deal valued around $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. Shares in Red Hat closed at
$116.68 on Friday before the deal was announced.
https://www.cnbc.com/2018/10/28/ibm-to-acquire-red-hat-in-deal-
valued-at-34-billion.html