IBM CEO Arvind Krishna speaks astatine the SXSW league successful Austin, Texas, connected March 11, 2025.
Andy Wenstrand | Sxsw Conference & Festivals | Getty Images
IBM announced Monday that it is acquiring information streaming level Confluent successful a woody worthy $11 billion.
Shares of Confluent soared 26% premarket. IBM banal sank astir 1%.
IBM volition wage $31 per stock successful currency for each of the issued and outstanding communal shares of Confluent, according to a release. The transaction is expected to adjacent by the mediate of 2026.
"With the acquisition of Confluent, IBM volition supply the astute information level for endeavor IT, purpose-built for AI," IBM CEO Arvind Krishna said successful a release.
IBM said the woody volition bolster its artificial intelligence offerings arsenic it expects planetary information maturation to much than treble by 2028.
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