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IBM buys Confluent for $11 billion
IBM said it will acquire data streaming company Confluent in a deal valued at $11 billion. The deal will give IBM an open-source data platform with an annual revenue run rate topping $1 billion that can provide governed data to AI agents. In a statement, IBM said the deal will add to non-GAAP earnings in the first year and boost free cash flow in year two after the deal closes.
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