IBM to Acquire Data Streaming Platform, Confluent, in $11B Deal

IBM said Monday it’s buying data streaming platform Confluent in a deal worth $11 billion that will help bolster the technology company’s artificial intelligence strategy.

The two companies said they signed a “definitive agreement” for IBM to acquire all of Confluent Inc.’s issued and outstanding common stock for $31 per share in cash, which represents an enterprise value of $11 billion.

Confluent, based in Mountain View, Calif., is an open source data streaming platform that “connects, processes and governs” data and events in real time, the companies said in a joint statement.

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