HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker


by CNBC

CNBC— HashiCorp's business is growing considerably faster than that of IBM, which has been confronting a challenging economic environment.

Seeking Alpha—HashiCorp spikes on report IBM nearing deal (NASDAQ:HCP). Shares of San Francisco-based software company HashiCorp (HCP) spiked on Tuesday after The Wall Street Journal reported IBM (IBM) is nearing a deal to acquire the firm. Read for more.

Investor's Business Daily—IBM Stock: IBM Reportedly Nearing Acquisition Of HashiCorp. IBM is close to a deal for cloud-software provider HashiCorp, the Wall Street Journal reported. HashiCorp stock jumped; IBM stock was flat.

Yahoo Finance—IBM Nears Deal for HashiCorp at About $35 a Share. (Bloomberg) -- International Business Machines Corp. said it has agreed to buy HashiCorp Inc. in a transaction valuing the software company at $6.4 billion on an enterprise basis.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapTesla Soars as Musk’s Cheaper EVs Calm