IBM To Acquire HashiCorp. For $6.4 Billion; Shares Fall As Company Reports Q1 Results
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IBM stock slipped late Wednesday after the computing giant reported first quarter earnings ahead of expectations, with sales slightly below estimates. The firm also announced a $6.4 billion acquisition of cloud-software company HashiCorp (HCP), a deal that was reported as nearly done a day earlier by the Wall Street Journal.
IBM (IBM) said that it earned an adjusted $1.68 per…
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