IBM Acquires Confluent in $11 Billion Deal

Paul, Weiss advised IBM in its acquisition of data streaming platform pioneer Confluent, Inc., for $31 per share, representing an enterprise value of $11 billion. The all-cash deal enables the end-to-end integration of applications, analytics, data systems and AI agents to drive intelligence and resilience in hybrid cloud environments.

The Paul, Weiss team was led by corporate partners Steven Williams, Dotun Obadina and Lara Solomons, and included partners Manuel Frey and David Sobel; executive compensation partner Jarrett Hoffman; tax partners Scott Sontag and Sohail Itani; intellectual property partners Jonathan Ashtor and Brianna van Kan; litigation partners Liza Velazquez, Daniel Gerkin and Nathan Mitchell and counsel Audrey Paquet; and real estate partner Peter Fisch.