CFLT stock price: IBM deal to buy Confluent for $11 billion shows investors still think AI is popping
Fastcompany·2025-12-09 02:15

IBM announced on Monday it is acquiring Confluent for 11billion,sendingsharesofthedatastreamingplatformupabout2911 billion, sending shares of the data streaming platform up about 29% in morning trading. The deal is one of the largest in recent memory for IBM, The Wall Street Journal reported. The company is paying 31 a share for Confluent in an all-cash deal. Confluent will continue to operate as a distinct brand and business within IBM after the close of the deal (which is subject to regulatory approval). "Data is at the heart of what companies need to do to ha ...