IBM Buys Confluent for $11 Billion to Boost AI

Reading

Read this text and listen to it at the same time. If you don’t know a word click it to see explanation, hear pronunciation or add it to vocabulary.

IBM will buy Confluent. This deal will cost eleven billion dollars. This will help IBM with its plan for artificial intelligence.

IBM and Confluent made an agreement. IBM will buy all of Confluent's stock for thirty-one dollars per share. This is equal to eleven billion dollars for the whole company.

Confluent is in California and works with data. It helps data move and work in real-time. The company prepares data for AI and keeps it safe.

IBM clients will use AI services easier. They can trust data flow between apps and systems. Data lives in clouds, data centers, and with tech companies.

The deal should finish in mid-2026. It needs approval from Confluent's owners and regulators. Confluent's stock went up and IBM's stock went down a little.

Questions

Answer the questions to the text. Speak or write, you choose. AI will assess your answers.

How much will IBM pay to buy Confluent?

IBM will pay eleven billion dollars to buy Confluent.

What will Confluent help IBM with?

Confluent will help IBM with its plan for artificial intelligence.

When is the deal expected to finish?

The deal should finish in mid-2026.

Describe the article image

Look at the article image and describe what you see on it. You may either speak or write your answer there.

Discussion

Discuss this article with your AI tutor to practice. Your tutor will help you with vocabulary and grammar.

Read a new article every day and
discuss it with AI at lingolette.com