The U.K.'s Competition and Markets Authority (CMA) has approved IBM's proposed $6.4 billion acquisition of HashiCorp, indicating a shift towards a more pro-tech regulatory environment. The deal aims to bolster IBM's presence in the hybrid cloud market. This development follows a lengthy investigation initiated by the CMA that solicited stakeholder input. The U.K. government is keen to facilitate tech growth, especially under new leadership, though the deal remains subject to regulatory assessments in the U.S. by the Federal Trade Commission before it can be finalized by the end of 2024.
The U.K.'s Competition and Markets Authority (CMA) has cleared IBM's planned $6.4 billion acquisition of HashiCorp, highlighting a pro-tech approach in regulatory scrutiny.
This transaction sees IBM expanding its reach into the hybrid cloud segment, following major acquisitions like Red Hat and Apptio, showcasing a trend of consolidation in tech.
The CMA's approval comes amid broader regulatory shifts in the U.K. aimed at fostering a pro-growth tech environment, reflecting changes in leadership and policy direction.
While the U.K. has greenlit the deal, regulatory assessments in other jurisdictions, such as the U.S. FTC, are ongoing, indicating further scrutiny before closure.
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