• 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

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

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

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Sri Lanka launches long-awaited bond swap in key step to emerge from default
    • AMD to cut 4% of global workforce as it focuses on AI chip development

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

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