IBM’s HashiCorp Takeover Plan Gets In-Depth Antitrust Review

International Business Machines Corp.’s proposed $6.4 billion takeover of software maker HashiCorp Inc. will undergo an in-depth antitrust review by the US Federal Trade Commission.

Both companies received a so-called second request seeking additional information on the deal from the antitrust agency late last week, HashiCorp disclosed in a regulatory filing on Monday. While this is typical for large deals, an in-depth review can lengthen the regulatory approval process for more complex takeovers by months or years.