The move reflects a rapidly intensifying race among technology giants to strengthen the data foundations required for ...

The proposed deal will see IBM acquire Confluent for $31 per share, which is a 30% premium over Confluent’s stock price prior ...

While $11 billion is a lot of money to spend, IBM is betting that acquiring Confluent and its popular data streaming platform ...

Confluent sells an enterprise version of the open-source Kafka data streaming platform, which it said is used by 80% of the ...

The subsequent stock reaction indicated the market was excited about the deal. IBM was up 1.6% to $312.90 at 11:35 a.m. on ...

IBM upgraded to buy as the Confluent acquisition may boost top-line growth and margins through cloud synergy. Click for more ...

IBM will reportedly pay $11B for the data streaming company. Lilly, Pfizer, J&J in China’s private insurance catalog. White ...

Analysts forecast accretion: JPMorgan estimates 15% EPS boost by year three, citing 90% gross margins on Confluent Cloud. IBM ...

Snowflake (NYSE: SNOW) stock has jumped 130% in the last year, significantly outperforming the S&P 500’s 20% increase. The enthusiasm is easy to grasp. Snowflake is positioning itself at the ...

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Meta Platforms plunged after it reported earnings. The Facebook parent’s stock fell 11%. Like Google and Microsoft, Meta is spending aggressively on artificial intelligence and raised estimates for ...

Michael Bromberg is a finance editor with a decade of experience. He is an expert at elucidating complex financial topics in clear, concise language. Michael received a Bachelor of Arts in literature ...