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IBM's proposed $6.4 billion acquisition of software maker HashiCorp will face an in-depth antitrust review by the US Federal Trade Commission (FTC). The FTC has requested additional information from both IBM and HashiCorp regarding the deal. This development follows a shareholder vote approving the transaction and comes about a month after IBM voluntarily reset a 30-day initial review period for the acquisition. HashiCorp's stock ($HCP) was down 1.6% pre-market following the news. Additionally, HashiCorp reported an 8-K filing on July 12, 2024.
The FTC is taking a deeper look at IBM's planned $6.4 billion acquisition of HashiCorp Inc., about one month after IBM voluntarily reset a 30-day initial review period for the transaction, a Monday securities filing shows. https://t.co/oiDZMGtKhI https://t.co/Q8smAhwt0K
IBM’s $6.4B HashiCorp acquisition faces FTC antitrust review https://t.co/WFJAe5EeS7
HASHICORP HOLDERS VOTE TO APPROVE TRANSACTION WITH IBM $HCP $IBM
