Confluent (CFLT) After Hours: IBM’s $11 Billion Buyout, Wall Street Downgrades and What to Watch Before the Opening Bell on December 10, 2025
IBM will acquire Confluent for $31 per share in cash, valuing the deal at about $11 billion. Confluent stock surged after the announcement and closed at $29.90 on December 9, about 3.5% below the offer price. Trading volume spiked to over 55 million shares. Analysts downgraded the stock and a shareholder-rights investigation was launched.