WSJ: IBM Nears Roughly $11 Billion Deal for Confluent

IBM is in advanced talks to acquire data infrastructure company Confluent for about $11 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter.

The deal could be announced as soon as Monday, according to the report.

Confluent has a market capitalization of about $8.09 billion, as per LSEG-compiled data.

Reuters could not immediately verify the report.

Confluent and IBM did not immediately respond to a Reuters request for comment outside normal business hours.