Under the terms of the deal announced Monday, IBM will purchase Confluent for $11 billion in cash. That amounts to $31 per share, a premium of 34% compared to the stock's closing price on Friday.

IBM announced Monday that it will purchase US data management company Confluent for $11 billion, seeking to expand its footprint into the increasingly important field of real-time data for AI.

IBM has struck a definitive agreement to buy real-time data streaming platform developer Confluent in a deal valued at $11 billion, the companies said Monday. IBM said that with Confluent’s technology it can provide an “end-to-end platform for businesses to connect, process and govern data for applications and Ai agents.”

IBM is reportedly in advanced negotiations to acquire data infrastructure firm Confluent for approximately $11 billion, according to sources cited by the Wall Street Journal. The report remains unconfirmed by Reuters.

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eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. IBM on Tuesday offered a preview of its new Policy Based Data Management tool on its alphaWorks Web site.