Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 26, 3:38 PM
Slide #14. IBM — HashiCorp
Acquirer: |
IBM (NYSE:IBM) |
Acquiree: |
HashiCorp |
Details: |
IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. Today's announcement is a continuation of IBM's deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today. |
International Business Machines provides solutions and products that utilize data, information technology, capability in industries and business processes. Co. has four business segments: Software, which provides software solutions that address client needs for a hybrid cloud platform, data and AI, automation, and security; Consulting, which provides knowledge and capabilities in business transformation and technology implementation; Infrastructure, which provides solutions for hybrid cloud and is the foundation of the hybrid cloud stack; and Financing, which facilitates its clients' acquisition of information technology systems, software and services through its financing solutions.
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Company Name: |
International Business Machines Corp |
Stock buyback: |
IBM buyback |
Website: |
www.ibm.com |
Sector: |
Information Technology Services |
Number of ETFs Holding IBM: |
144 |
Total Market Value Held by ETFs: |
$23.08B |
Total Market Capitalization: |
$168.77B |
% of Market Cap. Held by ETFs: |
13.68% |
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April 26, 2024 3:38 PM Eastern
Hold (2.38 out of 4)
0th percentile
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