Dec 7 : IBM is in advanced talks to acquire data-infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, in a move aimed at boosting Big Blue's ability to capture growing demand for cloud services.

The deal for Confluent, an open-source platform used to process massive streams of real-time data - from bank transactions to website clicks - could be announced as early as Monday, the newspaper reported, citing unnamed sources.

Reuters could not immediately verify the WSJ report. Both companies did not immediately respond to a request for comment outside normal business hours.

In October, Reuters reported that Confluent is weighing a potential sale and has tapped an investment bank to manage the process after drawing interest from prospective buye

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