https://www.theregister.co.uk/2018/10/28/ibm_redhat_acquisition/IBM intends to acquire enterprise Linux maker Red Hat for $34bn (£27bn).
Following rumors of a deal over the weekend, Big Blue announced the move here, in the past hour, and Red Hat's take is here.
IBM made an offer of $190 per issued and outstanding Red Hat share, which was accepted: the current price stands at $116. Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. If it is successful, Red Hat will be absorbed into IBM's Hybrid Cloud unit.