Confluent Stock Jumps As IBM Confirms $11 Billion Acquisition

IBM (IBM) said it will acquire data-infrastructure company Confluent (CFLT) for roughly $11 billion. Confluent stock jumped more than 20% while IBM shares were lower in premarket trading Monday. IBM announced the deal the morning after the Wall Street Journal reported that the two companies were close to an agreement, sending Confluent shares soaring overnight. The all-cash deal values Confluent…