What is the relationship between IBM red hat?

IBM acquired Red Hat in July 2019 for approximately $34 billion, making Red Hat a wholly-owned subsidiary of IBM. This acquisition aimed to enhance IBM's hybrid cloud offerings and strengthen its position in the cloud computing market. Red Hat continues to operate independently under its brand, maintaining its commitment to open-source software while integrating its technology with IBM's enterprise solutions. The relationship allows IBM to leverage Red Hat's expertise and innovation in open-source technologies to drive digital transformation for its clients.