• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

IBM’s planned takeover of HashiCorp faces UK threat

by December 30, 2024
written by December 30, 2024

Investing.com – International Business Machines’ planned takeover of HashiCorp (NASDAQ:HCP) could be under threat after the UK’s antitrust watchdog said it was considering whether such a deal would affect competition.

The Competition and Markets Authority said on Monday that it was inviting comments from interested parties by Jan. 16. The regulator set a provisional Feb. 25 deadline to decide whether to clear the deal or refer it for a further in-depth investigation.

IBM (NYSE:IBM) said in April that it agreed to buy the cloud-software company HashiCorp in a deal with an enterprise value of $6.4 billion, expanding its cloud-based software products to tap into an AI-powered boom in demand.

Software (ETR:SOWGn) has been a bright spot for IBM as its consulting business grapples with more cautious spending by enterprises navigating higher interest rates.

At 08:35 ET (13:35 GMT), IBM stock fell 0.8% and HashiCorp stock dropped 0.2%.

 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
ECB’s borrowing cost reductions to be gradual – Council member Stournaras
next post
Raymond James upgrades American Airlines to ‘outperform’

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Lawyer group urges overhaul of US bank charter...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Exclusive-HSBC probes China Pinnacle wealth business on costs and control, say sources   
    • Saudi Arabia ‘doubling down’ on economic transformation plan, finance minister says

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy