IBM Buys Data Streaming Platform Confluent
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IBM's $11B Confluent acquisition completes its hybrid cloud stack, with Kafka streaming joining Red Hat and HashiCorp for enterprise AI infrastructure.
IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.
IBM is in advanced negotiations to acquire data infrastructure firm Confluent for approximately $11 billion. The potential deal, reported by the Wall Street Journal, could be announced imminently. With a market cap of around $8.