IBM Nears Roughly $11 Billion Deal for Confluent
Reuters11:06
IBM is in advanced talks to acquire data infrastructure company Confluent CFLT.O for about $11 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Confluent shares surged 20% on the news in overnight trading.

The deal could be announced as soon as Monday, according to the report.
Confluent has a market capitalization of about $8.09 billion, as per LSEG-compiled data.
Reuters could not immediately verify the report.
Confluent and IBM did not immediately respond to a Reuters request for comment outside normal business hours.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.