An investigation has been launched into IBM’s acquisition of Hashicorp. The investigation focuses on whether competition could be affected by the acquisition.
The UK Competition and Markets Authority (CMA) has launched an investigation into IBM’s planned acquisition of HashiCorp. It is investigating whether and how the deal could affect competition in the cloud and AI markets.
US also concerned
IBM announced the acquisition in April as part of its strategy to grow further in cloud technology and AI. The acquisition would give IBM access to HashiCorp’s solutions for managing cloud infrastructure and its security, as well as a customer base of about 4,400 companies.
The regulator has set a preliminary deadline of Feb. 25 to decide whether to approve the deal or require a more extensive investigation. They are also looking critically at the acquisition in the United States. The outcome of the CMA investigation could affect IBM’s plans to strengthen its position in the cloud sector.