A major tech giant is reportedly closing in on a massive acquisition deal. Sources familiar with the matter say the computing powerhouse is in advanced talks to snap up a leading data streaming platform for approximately $11 billion.

The target company specializes in real-time data infrastructure—tech that's become crucial for enterprises managing massive information flows. Think of it as the nervous system for modern digital operations, processing everything from financial transactions to IoT sensor feeds.

This move signals serious intent to dominate the enterprise data space. With cloud services and distributed systems becoming the backbone of everything from traditional finance to emerging blockchain networks, controlling the pipes that move data around could be a strategic masterstroke.

The deal, if finalized, would rank among the biggest tech acquisitions this year. It reflects how traditional enterprise players are racing to secure infrastructure assets that power next-gen applications—including those in the crypto and decentralized computing worlds.

Neither company has officially commented, but industry watchers expect an announcement soon if negotiations hold.