IBM closes $6.4B HashiCorp acquisition | TechCrunch
IBM is one of several legacy software companies riding the AI and cloud computing wave, with “Big Blue” hitting an all-time high valuation of more than $240 billion this year.Terraform was once available under an open source license, but HashiCorp controversially switched it to a proprietary license back in 2023 (which led to a community-driven fork called OpenTofu). This license change likely made HashiCorp a more appealing acquisition prospect, giving suitors more control over how Terraform is used in industry.
