By Chris Benson
Publication Date: 2025-12-08 16:11:00
IBM CEO Arvind Krishna pictured in October during a Diwali celebration in the Oval Office of the White House in Washington, D.C. “With the acquisition of Confluent, IBM will provide the smart data platform for enterprise IT, purpose-built for AI,” Krishna said Monday. Photo by Allison Robbert/UPI | License Photo
Dec. 8 (UPI) — IBM announced Monday its buying out Confluent, a steaming platform, in a multi-billion-dollar deal.
Confluent stock shares spiked nearly 30% and IBM at about 1$ after it was revealed IBM will acquire Confluent for $11 billion.
“With the acquisition of Confluent, IBM will provide the smart data platform for enterprise IT, purpose-built for AI,” according to IBM CEO Arvind Krishna.
The transaction is expected to be final by mid-next year, with IBM paying $31 a share for all issued and outstanding Confluent shares.
IBM officials said it will aid the development of new artificial intelligence products likely to double data growth and flood the market by…
