The Reality Check: Why the $11B acquisition is less about synergy and more about value extraction, and how to protect your own estate. Let’s dispense with the pleasantries. IBM’s definitive agreement to acquire Confluent for roughly $11 billion is not a "strategic partnership" to accelerate hybrid cloud innovation. It is a textbook consolidation move by a legacy giant eyeing a critical data streaming asset to shore up its portfolio. At NET(net), we aren’t buying the "kumbaya" narrative of synergy. We are bracing our clients for impact. In the high-stakes arena of IT cost and value optimization, the old playbook of handshake deals is ancient ...