Why IBM plans to purchase Confluent in its largest deal since 2019
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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 27% in morning trading while shares of IBM IBM were off more than 1%.