IBM will acquire data streaming platform Confluent Inc., for approximately $9.3 billion, which will be one of its largest acquisitions to date, and a major bet on the enterprise software required for artificial intelligence tools to perform tasks in real time. According to a statement released on Monday, IBM will be buying for $31 per share. The statement said that the value of the enterprise, including debt, was 11 billion US dollars. The two sides expect the deal to be completed by mid-2026. According to the accompanying regulatory documents, IBM will pay Confluent a $453.6 million cancellation fee if the deal fails or is terminated.

IBM will acquire data streaming platform Confluent Inc., for approximately $9.3 billion, which will be one of its largest acquisitions to date, and a major bet on the enterprise software required for artificial intelligence tools to perform tasks in real time. According to a statement released on Monday, IBM will be buying for $31 per share. The statement said that the value of the enterprise, including debt, was 11 billion US dollars. The two sides expect the deal to be completed by mid-2026. According to the accompanying regulatory documents, IBM will pay Confluent a $453.6 million cancellation fee if the deal fails or is terminated.