$IBM is in advanced negotiations to acquire $CFLT a data infrastructure company, for approximately $11 billion, the WSJ reported, citing people familiar with the matter.
The deal could be announced as early as Monday, the report added. It aligns with IBM's hybrid cloud and AI expansion, integrating Confluent's (CFLT) streaming capabilities to enhance AI-driven analytics, enterprise cloud services, and data integration against rivals like AWS, Azure, and Google Cloud. Confluent (CFLT), founded by Apache Kafka creators, specializes in real-time data streaming platforms used across finance, retail, and other sectors to manage streams of real-time data used in big AI models. Its current market cap stands over $8 billion. The deal follows IBM's (IBM) recent HashiCorp acquisition and reflects industry consolidation in AI data infrastructure. Shares of the Arvind Krishna-led IBM (IBM) were fractionally lower in early trading.
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$IBM is in advanced negotiations to acquire $CFLT a data infrastructure company, for approximately $11 billion, the WSJ reported, citing people familiar with the matter.
The deal could be announced as early as Monday, the report added. It aligns with IBM's hybrid cloud and AI expansion, integrating Confluent's (CFLT) streaming capabilities to enhance AI-driven analytics, enterprise cloud services, and data integration against rivals like AWS, Azure, and Google Cloud.
Confluent (CFLT), founded by Apache Kafka creators, specializes in real-time data streaming platforms used across finance, retail, and other sectors to manage streams of real-time data used in big AI models. Its current market cap stands over $8 billion.
The deal follows IBM's (IBM) recent HashiCorp acquisition and reflects industry consolidation in AI data infrastructure.
Shares of the Arvind Krishna-led IBM (IBM) were fractionally lower in early trading.