On January 21, both the Brazilian Official Gazette and the website of the Administrative Council for Economic Defense (Cade) — which serves as Brazil's antitrust regulatory body — made an announcement. They stated that Cade's supervisory board had granted unconditional approval for IBM to acquire Confluent, a company specializing in data infrastructure.
Earlier, on December 8 of the previous year, IBM and Confluent had already disclosed a binding acquisition agreement. According to this agreement, IBM would purchase all of Confluent's issued and outstanding common shares at a price of $31 per share. This transaction would result in an enterprise value of $11 billion for the deal.
