IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.IBM shares slipped 5% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue that was lower than analysts had predicted.In a statement, IBM announced that it intends to pay $35 per share in cash for HashiCorp in a deal with a$6.4 billion enterprise value, net of cash. On Tuesday, The Wall Str ...