October 28, 2018 / 6:07 PM / in 19 days

IBM nears deal to acquire cyber security company Red Hat -sources

Oct 28 (Reuters) - IBM Corp is nearing deal to acquire software company Red Hat Inc in a deal that could exceed $30 billion and allow it to expand its cyber security offerings, people familiar with the matter said on Sunday.

The deal is expected to be announced later on Sunday, the sources said, asking not to be identified because the matter is confidential. IBM and Red Hat did not immediately respond to requests for comment. (Reporting by Liana B. Baker and Greg Roumeliotis in New York; Editing by Cynthia Osterman)

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