IBM to acquire open source company Red Hat for a whopping $34 billion

$34 billion. 
That's how much IBM has offered to pay, in cash, to acquire the open source software company Red Hat. 
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Red Hat gives away its core product — the Red Hat Linux distribution — for free, but it makes money on support and cloud computing. And the latter is where IBM's focus is at.
“The acquisition of Red Hat is a game changer. It changes everything about the cloud market. IBM will b