Didn’t see this coming https://www.reuters.com/markets/deals/ibm-nearing-buyout-deal-hashicorp-wsj-reports-2024-04-23/
So IBM is choosing to survive via M&A
IBM going to ruin another company.
Yeah ruin a thriving and profitable company like HCP
HCP is never profitable
Is hashicorp public or private?
public HCP
Looks like deal is benefiting both companies. IBM is all time high(even though they were considered irrelevant) and hasicorp was pandemic bubble companies. It went up too
HashiCorp has been a mess for years. We finally found someone dumb enough to take this mismanaged dumpster fire off our hands. 👏
What was the acquisition price?
Rumored to be $6.4B or $35/share per CNBC, but market is currently pricing in a discount.
Hashi has been on the decline for years. Was valued at $13 B at IPO only a few years ago. Now it’s acquired for half that. That’s the price of indecision. I don’t think hashicorp ever understood how to monetize OS and couldn’t make a solid cloud offering due to internal bickering. They will fit right in at an old dinosaur like ibm
Bets, gentlemen: how long until Hashicorp's rating crashes from 3.8 to 3.3 🎩
IBM is buying MongoDB next 😆
I hope so, a few folks here are just waiting for a boot and this will be a good chance to have one 😂