04:44 AM EDT, 10/08/2025 (MT Newswires) -- (Updates with the stock movement in the headline and the second paragraph.)

Confluent (CFLT) is considering a possible sale after attracting interest from tech companies and private equity firms, Reuters reported Tuesday, citing three people familiar with the matter.

Shares of the company gained nearly 20% in recent premarket activity Wednesday.

The report said the company, with a market capitalization of about $7 billion, has begun working with an investment bank on the sales process, though it is still in the early stages.

A deal isn't guaranteed, and Confluent may decide to remain independent, Reuters reported.

Confluent did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)