Cloud biz claims it's full speed ahead – and damn the torpedoes
The FTC is taking a close look at IBM's acquisition of HashiCorp, according to a filing made to America's financial watchdog.was made by HashiCorp, which says it and IBM"each received a request for additional information and documentary material from the Federal Trade Commission in connection with the FTC's review of the merger.
The probe may be at least partly down to HashiCorp's Terraform configuration management software for business cloud customers. It's currently the most used in the market, just ahead of Ansible by Red Hat, an IBM subsidiary.McDonald's not lovin' its AI drive-thru experiment with IBMto so-called business source in August last year has not been entirely successful so far.
However, not everyone has been willing to pay up for Terraform, prompting the creation of forks from older, open source versions of the codeOn the other hand, that the acquisition costs $6.4 billion might be all the motivation the federal agency needs to do some due diligence.to pay as much as it did for HashiCorp. The market reacted very negatively when Big Blue announced its acquisition back in April, and the stock price has only just now recovered back to where it was pre-announcement.
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