IBM nearing a buyout deal for HashiCorp, WSJ reports (updated)

Hashicorp

23/04/2024 19:18

(Adds shares, details from report)
       April 23 (Reuters) - International Business Machines
 IBM.N  is nearing a deal to buy cloud software provider
HashiCorp  HCP.O , 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. 
    A deal for HashiCorp could be finalised in the coming days
but it is still possible that the talks may not result in a
transaction, the report said, citing people familiar with the
matter. 
    A spokesperson for IBM declined to comment while HashiCorp
did not immediately respond to a Reuters request for comment.

 (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shailesh
Kuber and Devika Syamnath)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))