IBM buys data streaming platform Confluent in $11 billion deal
Yahoo Finance·2025-12-08 22:07

IBM said Monday it's buying data streaming platform Confluent in a deal worth 11billionthatwillhelpbolsterthetechnologycompanysartificialintelligencestrategy.ThetwocompaniessaidtheysignedadefinitiveagreementforIBMtoacquireallofConfluentInc.sissuedandoutstandingcommonstockfor11 billion that will help bolster the technology company's artificial intelligence strategy. The two companies said they signed a “definitive agreement” for IBM to acquire all of Confluent Inc.'s issued and outstanding common stock for 31 per share in cash, which represents an enterprise value of $11 billion. Confluent, based in Mountain View, Calif., is an open source data streaming platform that “connects, processes and gov ...