IBM’s $6.4B HashiCorp acquisition cleared by UK

The UK’s antitrust authorities are leading the acquisition of Hashikarp, a multi-billion dollar infrastructure software agency, planned by IBM.

In a brief Update the case Published today, competition and market authorities (CMA) say that it has “cleared the expected acquisition of Hashikarp’s IBM” and it will properly express his argument for his decision.

This announcement comes about 10 months after the first publication of IBM For Hashikarp .4 6.4 billion out of dollars Since it attempted deepening into the Hybrid Cloud State – the building on it It has provided for $ 34 billion for Red Hut In 2019, and $ 4.6 Billion for Appo In 2023.

IBM was Indicated It expected to stop the Hashikarpe agreement in late 2021, but as in this national size transaction – especially those who are in two public trade companies – it was always likely to attract the regulatory investigation. And so in December, the CMA invites the comments from the main stakeholders and launched an initial “phase 1” investigation.

Although it was not convinced of moving forward in a full-enhanced investigation, it is noteworthy that the UK is pressing itself to depict itself as a late-pro-growth country-and that means the CMA has changed.

Government last month Has appointed a new CMA chairperson Former-Amazon Executive Doug Gur, a step that encouraged an alliance of small technology companies and not for profit An open letter pen To express their concerns in the new aspect of the CMA.

Today’s decision is consistent with those changes. The United Kingdom wants the world to know that it does not want to be a road for business, which is associated with headquarters involved in the deals of this nature.

“The British government has recently indicated that they want to be more vigilant about the intervention of the CMA international agreement where the UK has no special problem,” London -based law firm Geraduin Partners and former CMA legal director Tom Smith said, “Techcunch, but the result is in this case. It is not possible to know if the signal would have been separated. “

The transaction is not yet on the line, though: Federal Trade Commission in the United States (FTC) Is also looking at the contractAlthough it has not yet made a formal declaration at the time of writing.

IBM refused to comment while contacting TechCrunch.