Overview

• Reuters reported the review based on information from three people familiar with the matter, and Confluent has not commented publicly.
• Several private equity firms and technology companies have expressed interest in acquiring the Mountain View, California-based firm.
• Confluent shares rose more than 10% in early trading Wednesday following the report, though the stock remains down roughly 25% to 26% this year.
• The company’s market value is about $7 billion, and its stock fell sharply in July after it disclosed losing business from a large customer.
• Confluent, founded by the creators of Apache Kafka, sells real-time data-streaming tools that are in demand for AI development, with recent sector dealmaking including Salesforce’s agreement to buy Informatica.