Last Updated: Dec. 8, 2025 at 12:50 p.m. ET
First Published: Dec. 8, 2025 at 8:27 a.m. ET
International Business Machines is turning to a big-money acquisition as it looks to maintain an artificial-intelligence advantage.
The technology giant announced on Monday that it planned to purchase Confluent CFLT in a deal valued at $11 billion. Shares of Confluent, which enables companies to manage and process data, were surging 29% in afternoon trading while shares of IBM IBM were up almost 1%.
