US EditionIBM to buy Confluent in $11 billion deal in cloud-computing drive
IBM will pay $11 billion in cash to acquire Confluent, aiming to boost AI and hybrid-cloud growth with over 6,500 clients including 40% of the Fortune 500.
- IBM has announced an $11 billion all-cash deal to acquire Confluent, resulting in a 29% surge in Confluent's premarket shares.
- IBM will pay $31 per share for Confluent, with the deal expected to close by mid-2026.
- IBM CEO Arvind Krishna stated the acquisition will enhance IBM's AI capabilities by adding a smart data platform.
- Confluent has over 6,500 enterprise customers and partnerships across major cloud services, positioning IBM to compete more aggressively in the data-infrastructure market.
118 Articles
118 Articles
IBM’s Confluent Acquisition Is About Event-Driven AI
IBM is no stranger to AI, given its long history with its AI Watson project and countless other efforts. But today’s AI hits different. On Monday, IBM announced that it had begun the process of acquiring streaming data platform Confluent for US $11 billion, or $31 per share, chiefly for what it could bring enterprises in terms of supporting generative AI (GenAI). Today, enterprise data “is spread across public and private clouds, data centers an…
AI Deal Alert: IBM to Acquire Confluent for $11 Billion. What Should Investors Know?
Key PointsIBM struck a deal to add Confluent to its rapidly expanding cloud portfolio. The data-streaming platform could accelerate IBM's AI initiatives.10 stocks we like better than International Business Machines › IBM (NYSE: IBM) wants to be an artificial intelligence (AI) powerhouse. The tech giant is scooping up data-streaming dynamo Confluent (NASDAQ: CFLT) to add to its growing collection of AI-enablers.Where to invest $1,000 right now? O…
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