TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Confluent Stock Skyrockets As IBM Seals $11 Billion Buyout

Benzinga Logo Benzinga By Anusuya Lahiri
Confluent Stock Skyrockets As IBM Seals $11 Billion Buyout

IBM agreed to acquire Confluent for $31 per share, valuing the data streaming company at $11 billion. The deal aims to enhance hybrid cloud intelligence and AI capabilities by integrating Confluent's real-time data streaming platform.

Insights
JPMpC   positive

Mentioned as a source of market analysis and providing historical data about market performance after rate cuts


CFLT   positive

Stock surged 28.7% following the acquisition announcement, with the deal valuing the company at $11 billion and providing significant shareholder value