Hashicorp surges as IBM closing in on takeover deal, WSJ says

Investing.com -- Hashicorp surged Tuesday as IBM (NYSE: IBM) is reportedly in talks to buy the the cloud software, with a possible deal expected in the next few days, the Wall Street Journal reported Tuesday, citing unnamed sources.

Hashicorp Inc (NASDAQ: HCP) was up 22% following the news, taking its market cap north of $6 billion.

The WSJ reported that it was still possible that talks may not lead to a transaction.

You May Also Be Interested In

• IBM shares pop following Trump’s praise at White House quantum summit
• Robinhood stock slides 4% after unveiling $2 billion debt play
• Goldman cuts U.S. recession risk to 15% after Iran deal