Citing 528btc, IBM is reportedly in advanced talks to acquire data streaming company Confluent for approximately $110 billion, a deal that could be announced as early as Monday. The potential acquisition follows IBM's $6.4 billion purchase of HashiCorp last year and aims to strengthen IBM's cloud and AI-focused software portfolio. Following the news, Confluent's stock surged 20% to 28% in pre-market trading, reaching around $29.70, a significant premium over its closing price of $23.14 on Friday.
IBM Near $11 Billion Deal to Acquire Confluent, Shares Surge 20% Pre-Market
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