IBM Closes $11 Billion Confluent Deal as Arvind Krishna Says AI Push Could Spur Hiring
IBM closed its $11 billion acquisition of Confluent on Tuesday, integrating the data-streaming firm into its AI and hybrid-cloud offerings. Confluent's Class A shares will be suspended March 18. IBM said the deal, funded with cash, should boost adjusted earnings in the first year. IBM shares rose 1.2% in late-morning trading.