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IBM nearing deal for cloud software provider HashiCorp, source says (www.reuters.com)

submitted 4 months ago by onlinepersona to c/tech

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April 23 (Reuters) - International Business Machines (IBM.N), opens new tab is nearing a deal to buy cloud software provider HashiCorp (HCP.O) , opens new tab, according to a person familiar with the matter. Hashicorp's stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks.

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