Confluent Inc, a data infrastructure firm founded by Apache Kafka creators, is exploring a potential sale. The company has hired an investment bank to advise on the process and has drawn interest from tech companies and private equity firms. With its real-time data streaming technology becoming increasingly valuable in the artificial intelligence boom, Confluent’s market value is around $7 billion. While no deal is guaranteed, the firm’s shares have fallen 26% this year, making it more vulnerable to takeover approaches.
Source: https://www.investing.com/news/stock-market-news/confluent-weighs-potential-sale-amid-aidriven-demand-for-data-streaming–reuters-4276106