
IBM announced a definitive agreement to acquire data streaming company Confluent for $31 per share in cash, valuing the deal at $11 billion. The acquisition is aimed at creating an end-to-end "smart data platform" that connects and governs real‑time data for applications, analytics, and AI agents across hybrid cloud environments, strengthening IBM's position in enterprise generative and agentic AI.
IBM will acquire Confluent in an all‑cash $11 billion deal to provide a unified real‑time data platform underpinning enterprise generative and agentic AI.
Multi‑year strategic partnership in which IBM provides AI platforms and consulting to run Riyadh Air as an AI‑native airline across operations and customer experience.

