Why IBM plans to buy Confluent in its biggest 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 29% in afternoon trading while shares of IBM IBM were up almost 1%.

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