IBM (IBM) is nearing a deal to buy Confluent (CFLT) for around $11B, and a deal could be announced as soon as Monday, The Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. Confluent had a market value of around $8B as of Friday, while IBM’s was around $290B.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBM:
- IBM, Riyadh Air team to make Riyadh Air AI-native airline
- M&A News: IBM Close to Buying Confluent for $11B – CFLT Stock Rallies 32%
- Regulatory EU Designation Puts IBM Stock in Prime Position
- IBM’s New Model Helps AI Keep Track of Details
- Private Markets: Kalshi announces new funding at $11B valuation