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Euronews
Eleanor Butler

IBM to buy Confluent in $11 billion deal to bolster AI offerings

IBM Confluent Arvind Krishna

International Business Machines Corporation (IBM) is buying data-streaming platform Confluent in a bid to bolster its AI offerings.

The deal, worth $11 billion (€9.44bn) in total, will see IBM pay $31 per share in cash, a premium of around 34% on Confluent's Friday closing price.

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