IBM announced its acquisition of Confluent for $11 billion, expanding its cloud-computing offerings to meet AI-driven demand. The $31 per share offer represents a 50% premium from Confluent’s October 7 closing price. IBM’s focus on M&As in high-growth areas like cloud and software is evident in this deal and the previous acquisition of HashiCorp. Confluent, based in California, specializes in managing real-time data streams for AI models. The deal is expected to close by mid-2026, funded by IBM’s cash reserves.

Read more at Yahoo Finance: IBM boosts cloud computing push with $11 billion Confluent deal