"IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology. The tech giant said it would offer $31 for each Confluent share, which is about 50% more than what the smaller company's shares closed at on Friday, before news of the deal."
"Confluent offers a platform that helps enterprises manage streams of data in real time, a use case that's exploded in demand as ever more companies develop and deploy AI products, which require significant back-and-forth processing of data for inferencing. IBM said Confluent will complement its existing data and automation products, as well as improve upon its existing offerings across AI, automation, data, and consulting."
IBM is acquiring Confluent for $11 billion in cash, offering $31 per share, roughly a 50% premium to the prior closing price. Confluent provides a real-time data streaming platform that helps enterprises manage data streams needed for AI inferencing and other workloads. IBM expects Confluent to complement and enhance its AI, automation, data, and consulting offerings and to add to EBITDA and free cash flow within two years of closing. The deal represents IBM's largest purchase in years and follows recent AI and data-focused partnerships and acquisitions including HashiCorp, Anthropic, AMD collaboration, and Seek AI.
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