[IBM to Acquire Data Streaming Platform Confluent for $9.3 Billion] IBM will acquire the data streaming platform Confluent Inc. at a price of $31 per share, with a total transaction value of approximately $9.3 billion. Including debt, Confluent's enterprise value is $11 billion. Both parties expect the transaction to be completed by mid-2026. If the deal fails or is terminated, IBM will pay Confluent a termination fee of $453.6 million.