Home News IBM nears roughly $11 billion deal for Confluent: Report

IBM nears roughly $11 billion deal for Confluent: Report

0

FILE PHOTO: IBM is in advanced talks to acquire data infrastructure company Confluent for about $11 billion.
| Photo Credit: Reuters

IBM is in advanced talks to acquire data infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

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.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here