IBM in Advanced Talks to Acquire Software Provider HashiCorp Inc.

IBM is in advanced negotiations to acquire software provider HashiCorp Inc, causing a surge in HashiCorp’s market value to $5.8 billion. The potential acquisition would bolster IBM’s focus on hybrid cloud solutions, aligning with its multi-cloud strategy and historical usage of HashiCorp’s products. This move comes amidst IBM’s recent acquisition spree and commitment to expanding its technological capabilities and market presence in the evolving tech industry.