IBM in Advanced Talks to Acquire HashiCorp

The potential acquisition could significantly expand IBM's cloud software capabilities, with a deal possibly closing as early as Wednesday.

IBM is nearing a deal to buy cloud software provider HashiCorp, with an agreement possibly by Wednesday.
HashiCorp's stock surged up to 26% following reports of the acquisition talks.
IBM has been on an acquisition spree, with over 10 purchases in the past year, including major software companies.
HashiCorp, known for its infrastructure and security management software, had a market value of nearly $5 billion prior to the stock surge.
The acquisition discussions are still ongoing, and there is a possibility that they may not result in a final deal.