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>they wouldn't want to be beholden to a competitor.

Which is ironic given that OEL is a direct rip-off of RHEL which IBM also now owns.

IBM prolly got them to agree to do the re-licensing move "as Hashicorp" as part of the take over deal. So it would not look bad on IBM.

From what I have read Hashicorp did this relicensing since IBM was reselling Vault at scale in IBM cloud. They wanted to force IBM and other cloud providers to pay them instead I believe.

IBM employees then initiated the fork of vault which is called openbao. Later IBM buys Hashicorp. The fork might have just been an attempt at leverage in the negotiations but it remains to be seen if it will live on.

OpenTofu hard forked, it's going to be interesting to see what happens if IBM rolls back the licensing changes.