The CMA has launched a "Phase 1 investigation" into IBM's acquisition of HashiCorp, with comments invited from affected parties to assess potential competition disruption.
IBM's acquisition bid of HashiCorp, confirmed at $6.4 billion, aims to integrate HashiCorp's Terraform tool for cloud infrastructure while keeping it distinct from Red Hat.
Both IBM and HashiCorp hope to finalize the takeover by the end of 2024, but ongoing investigations by the CMA and FTC present significant hurdles.
The investigation's outcome could significantly delay the acquisition, depending on whether a Phase 2 scrutiny is required, illustrating the complexities of corporate mergers.
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