02:36 PM EDT, 04/23/2024 (MT Newswires) -- (Updates with attempts to reach out to the companies in the third paragraph.)

International Business Machines ( IBM ) is nearing a deal for cloud-software provider HashiCorp ( HCP ) , The Wall Street Journal reported Tuesday, citing people familiar with the matter.

The deal could come together in the coming days, though the talks may not ultimately result in a transaction, the people reportedly said.

IBM ( IBM ) declined to comment to MT Newswires, while HashiCorp ( HCP ) did not immediately respond to a request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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