I didn't know IBM still had money to throw around like that. What do they even do these days? Who are their customers?
Just guessing - large corporate bespoke software / integrations projects?
IBM to buy HashiCorp in $6.4B deal
41–50 of 391 posts
Re: IBM to buy HashiCorp in $6.4B deal
#42Is OpenTofu better?
Re: IBM to buy HashiCorp in $6.4B deal
#43I didn't know IBM still had money to throw around like that. What do they even do these days? Who are their customers?
This type of comment appears here every time the name IBM shows up, but it is more symptomatic, of the bubble a part of HN lives on.
Think every core IT infra of most of the developed world countries, most of the ebanking and core messaging infra of your large banks and insurance companies, plus billions per year in consulting services revenue.
Re: IBM to buy HashiCorp in $6.4B deal
#44What happens to shares? Are people getting IBM stock or cash?
Re: IBM to buy HashiCorp in $6.4B deal
#45I didn't know IBM still had money to throw around like that. What do they even do these days? Who are their customers?
IBM had ~$14B cash to start the year. Additionally, you don't need the full purchase price in cash to buy the company. You can do leveraged buyouts, etc.
IBM M&A person: "We'd like to buy you in all IBM stock! "
Hopefully someone at HashiCorp: "Hell no, cash please"
Re: IBM to buy HashiCorp in $6.4B deal
#46I guess this shows us how overvalued HCP IPO was.
Re: IBM to buy HashiCorp in $6.4B deal
#47I didn't know IBM still had money to throw around like that. What do they even do these days? Who are their customers?
They did $14.5 billion dollars in revenue in Q1, with a 54% gross margin, split across software, consulting and infrastructure:
https://finance.yahoo.com/news/ibm-releases-first-quarter-re...
Re: IBM to buy HashiCorp in $6.4B deal
#48[flagged]
Re: IBM to buy HashiCorp in $6.4B deal
#49Well, it was nice while it lasted! HashiCorp always felt like a company made by actual engineers, not "bean counters". Now it will just be another cog in the IBM machine, slowly grinding it down, removing everything attractive, just like RedHat and CentOS.
Hopefully this will create a new wave off innovation, and someone will create something to replace the monopoly on IaC that IBM now owns.
Re: IBM to buy HashiCorp in $6.4B deal
#50I didn't know IBM still had money to throw around like that. What do they even do these days? Who are their customers?
They bought Red Hat in 2019 for $34B, which means their customers are at a minimum every RHEL customer.
https://www.redhat.com/en/about/press-releases/ibm-closes-la...