IBM To Buy Confluent For $11 Billion In Latest AI Expansion

Benzinga

IBM is acquiring Confluent for $11B, paying a 50% premium to bolster its data-streaming and automation stack as enterprise AI and cloud adoption accelerate. The deal adds real-time streaming capability to IBM’s expanding lineup of AI-focused products and partnerships.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03IBM is buying Confluent for $11 billion to strengthen its data and automation products

00:08as more companies shift to cloud operations and adopt AI technology, according to TechCrunch.

00:14IBM will pay $31 per Confluent share, a roughly 50% premium to the stock's Friday closing price

00:20before the deal became public. Confluent provides real-time data streaming tools that support AI

00:25inferencing, and IBM said the acquisition will enhance its AI, automation, data, and consulting

00:31products. The move follows a series of AI-focused deals, including IBM's purchases of HashiCorp

00:37and Seek AI, its clawed partnership with Anthropic, and its joint quantum AI architecture work with AMD.

00:44For all things money, visit Benzinga.com.

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