IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid
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IBM earnings top estimates, acquiring HashiCorp for $6.4B
IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was about in line with expectations of $14.25 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market...
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IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.
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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.