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(Reuters) – International Business Machines (NYSE:IBM) is nearing a deal to buy cloud software provider HashiCorp (NASDAQ:HCP), according to a person familiar with the matter.
Hashicorp’s stock surged 24%, giving it a market value of $6.1 billion.
A deal for HashiCorp could be finalised in the coming days, but it is still possible that the talks may not result in a transaction, according to the Wall Street Journal which first reported the possible acquisition.
HashiCorp did not immediately respond to a Reuters request for comment.
