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Exclusive | IBM Strikes $11 Billion Deal for Confluent

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Exclusive | IBM Strikes $11 Billion Deal for Confluent

International Business Machines said Monday it agreed to acquire data-infrastructure company Confluent CFLT 0.05%increase; green up pointing triangle for around $11 billion.

The details

IBM agreed to pay $31 a share for Confluent. The Wall Street Journal reported Sunday evening that IBM and Confluent were in advanced deal talks.

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