RALEIGH, N.C. (WTVD) -- IBM announced Tuesday that it has closed a deal for the acquisition of Red Hat - totaling approximately $34 billion.
In October, IBM announced it would pay cash to buy all Red Hat shares for $190 each.
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RELATED: IBM to acquire Raleigh-based Red Hat for $34 billion
Red Hat will continue to be led by Jim Whitehurst and its current management team.
IBM will maintain Red Hat's headquarters in Raleigh.
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Red Hat will operate within IBM as part of its Cloud and Cognitive Software segment.
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