01:41 PM EDT, 04/24/2024 (MT Newswires) -- (Updates with additional detail in the second paragraph and attempts to reach out to the companies in the third paragraph.)

International Business Machines ( IBM ) is nearing a deal to acquire HashiCorp ( HCP ) for about $35 per share, Bloomberg reported, citing people with knowledge of the matter.

The companies could announce the deal as soon as Wednesday, the people said, Bloomberg reported.

Neither IBM ( IBM ) nor HashiCorp ( HCP ) have immediately responded to requests for comment by MT Newswires.

(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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