IBM nearing a buyout deal for cloud software firm HashiCorp,

IBM nearing a buyout deal for cloud software firm HashiCorp, source says

(Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp's stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks. Under CEO Arvind Krishna, IBM has focused on acquisitions to build out its cloud offerings.

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