IBM Closes $11 Billion Confluent Deal as Arvind Krishna Says AI Push Could Spur Hiring
IBM has wrapped up its $11 billion deal for Confluent, folding the data-streaming specialist into its broader enterprise AI and hybrid cloud strategy. IBM stock edged up 1.2% late Tuesday morning in New York. Trading in Confluent’s Class A shares was halted premarket; the stock is set for suspension on March 18.
