IBM's Bold Move: Acquisition Talks with Confluent Set to Reshape Data Infrastructure

IBM is in advanced negotiations to acquire data infrastructure firm Confluent for approximately $11 billion. The potential deal, reported by the Wall Street Journal, could be announced imminently. With a market cap of around $8.09 billion, Confluent's acquisition would significantly impact IBM's data capabilities.

IBM is reportedly in the final stages of negotiations to acquire Confluent, a prominent data infrastructure company, in a deal valued at about $11 billion. The Wall Street Journal cited sources familiar with the matter, suggesting an announcement could be made as early as Monday.

Confluent, a company known for its expertise in data streaming platforms, currently has a market capitalization of approximately $8.09 billion, based on data compiled by LSEG. This acquisition aligns with IBM's strategic move to bolster its data infrastructure capabilities.

Both IBM and Confluent have not yet responded to requests for comment outside of regular business hours according to Reuters, which has not independently confirmed the report.

(With inputs from agencies.)