UK watchdog launches inquiry into IBM's HashiCorp acquisition

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To the surprise of no one, a multi-billion dollar deal comes under CMA scrutiny

whether the proposed merger will hurt competition in the affected industries in the UK. Comments from interested parties are invited by January 16, 2025. The deadline for the watchdog's decision on taking things further is February 25, 2025, although the announcement might come earlier.

In July, HashiCorp stated that the US Federal Trade Commission would also be reviewing the acquisition, according to aearlier in 2024. IBM intends to acquire HashiCorp for $6.4 billion and make the cloud infrastructure outfit part of its software business rather than fold it into Red Hat. The intention is for IBM's customers to be able to make use of HashiCorp's technology, such as Terraform, to manage their cloud estates better.

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