IBM said Monday it's buying data streaming platform Confluent in a deal worth $11 billion that will help bolster the technology company's artificial intelligence strategy. The two companies said they signed a “definitive agreement” for IBM to acquire all of Confluent Inc.'s issued and outstanding common stock for $31 per share in cash, which represents an enterprise value of $11 billion. Confluent, based in Mountain View, Calif., is an open source data streaming platform that “connects, processes and gov ...

Core Points - IBM is acquiring data streaming platform Confluent for $11 billion, with the transaction expected to close by mid-2026 [1][2] - Confluent's shares increased by 26% in premarket trading following the announcement, while IBM's stock decreased by approximately 1% [1] - IBM will pay $31 per share in cash for all issued and outstanding common shares of Confluent [1] Company Strategy - The acquisition aims to enhance IBM's offerings by providing a smart data platform for enterprise IT, specifically designed for AI applications [2]

Jackson Peak Capital, an investment management firm, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Q3 saw equities, especially speculative sectors, trending upward, driven by momentum rather than fundamentals or macro factors. Jackson Peak underperformed due to this dynamic and its unique positioning.  In the quarter, the fund returned -2.9%, net, compared to MSCI ACWI’s +7.5% return and HFRX Equity Hedge Index’s +3.8% return. In addition, please check the fu ...