Overview

• 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.