International Business Machines is nearing a deal to buy cloud software provider HashiCorp, the Wall Street Journal reported on Tuesday. Shares of HashiCorp rose more than 7% following the news, while Big Blue's shares were marginally lower.
IBM has agreed to buy the cloud-software company HashiCorp for $35 a share in cash, or about $6.4 billion, the company said Wednesday. IBM also reported first-quarter financial results that were in line with Wall Street estimates,
IBM Corp. is closing in on acquiring cloud-software provider HashiCorp Inc. according to a report Tuesday in the Wall Street Journal. The deal, which could be reached in days, sent shares of HashiCorp soaring 22%.
But at the same time, the deal also highlights IBM’s challenges to transform itself in a fast-moving industry. Even with the success of Red Hat, whose products are widely deploy
IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three: Amazon, Microsoft and Google. It began with the $34 billion Red Hat acquisition in 2018,
International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp's stock surged 24%, giving it a market value of $6.
HashiCorp shares jumped as much as 26% on Tuesday following a media report claiming IBM was in talks to acquire the cloud software maker. Developers use HashiCorp’s software to set up and manage infrastructure in public clouds that companies such as Amazon and Microsoft operate.
IBM (NYSE:IBM) tumbled 8% during early market trading Thursday after Big Blue had a big Wednesday with first-quarter financial results and the announcement of a $6.4B deal to acquire HashiCorp (NASDAQ:HCP).
IBM, or the International Business Machines Corporation, announced it will buy the San Francisco-based software company HashiCorp on Wedne4. IBMs Strategic Acquisition IBMs acquisition of
IBM (NYSE:IBM) shares fell 5% in extended-hours trading after the tech giant reported first-quarter sales that missed expectations and confirmed its deal to acquire HashiCorp (NASDAQ:HCP). For the period ending March 31,
Reports that IBM was in talks to acquire Hashicorp emerged yesterday, with a claim that a deal could be signed in a matter of days. As it turned out, the deal was signed one day later. Founded in 2012,
HashiCorp (NASDAQ:HCP) was downgraded to Neutral from Buy by the investment bank BTIG after the stock's recent run from merger and acquisition speculation. HashiCorp closed nearly 19% higher on Tuesday following a report that IBM (IBM) is nearing a deal to acquire the firm.
Revenues rose 1.5%, to $14.46 billion, below the $14.53 billion consensus. IBM blamed the revenue miss on various factors, including continued high interest rates, currency exchange fluctuations and customer caution.
Updates shares, adds additional reporting on timing for a deal. Shares of San Francisco-based software company HashiCorp (NASDAQ:HCP) spiked on Tuesday after The Wall Street Journal reported IBM (NYSE:IBM) is nearing a deal to acquire the firm.
HashiCorp (NASDAQ:HCP) rose 10% amid a report that IBM (NYSE:IBM) is nearing a deal to purchase the software company for about $35 a share. A deal may be announced as soon as Wednesday, according to a Bloomberg report on Wednesday,
IBM Corp. is in advanced talks to acquire infrastructure management provider HashiCorp Inc., the Wall Street Journal reported today. Sources familiar with the matter told the paper that the deal could be signed in a matter of days.