IBM to acquire Confluent for $31.00 per share in cash; expected close mid-2026

Confluent, Inc.

Confluent stockholders will receive $31.00 per share in cash for each share of common stock.
Stockholders representing ~62% of voting power agreed via Voting Agreement to vote in favor.
Closing expected by mid-2026; requires stockholder adoption, antitrust clearances, and no material adverse effect.
CEO Jay Kreps entered into an offer letter for post-closing employment, including retention RSU and accelerated vesting.
Confluent may owe IBM a $453.6M termination fee under specified conditions, including a superior proposal.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Confluent, Inc. entered into Agreement and Plan of Merger with International Business Machines Corporation and Corvo Merger Sub, Inc. valued at $31.00 in cash (effective 2025-12-07).

Action: entry
Agreement: merger
Counterparty: International Business Machines Corporation and Corvo Merger Sub, Inc.
Value: $31.00 in cash
Effective: 2025-12-07

Exact text from the filing

On December 7, 2025, Confluent, Inc. (“Confluent”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with International Business Machines Corporation (“IBM”) and Corvo Merger Sub, Inc., a wholly owned subsidiary of IBM (“Merger Sub”).

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Source: SEC EDGAR

accession 0001104659-25-119081

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