IBM In Talks To Acquire Sun Microsystems: WSJ

19 March, 2009

 

International Business Machines or better known as IBM is in talks to acquire Sun Microsystems, the Wall Street Journal said, citing people familiar with the matter. IBM is likely to pay at least $6.5 billion in cash to acquire Sun, the people told the paper.

That would translate into a premium of about 100 percent over Sun’s closing price Tuesday of $4.97 a share on the Nasdaq, the paper said. In recent months, Sun has approached a number of large tech companies in the hopes of being acquired, the paper said.

Hewlett-Packard Co declined the offer, the paper said.

Sun is a maker of software and high-end computers. A spokesman for IBM declined to comment to the paper on questions about any talks with Sun.

IBM and Sun could not be immediately be reached for comment by Reuters.

 


Leave Your Comment
Oracle To Buy Sun Micro For $7.4 billion

Oracle To Buy Sun Micro For $7.4 billion

Reuters 8 years ago
Oracle Corp said on Monday it will buy Sun Microsystems Inc for $9.50 a share, valuing the high-end computer server maker at more than $7...
Sun Pharma in talks to buy Swedish drug-maker Meda for $5-6B

Sun Pharma in talks to buy Swedish drug-maker Meda for $5-6B

Reuters 4 years ago
Sun Pharmaceutical Industries Ltd is in talks to buy Swedish drugmaker Meda AB for $5 billion-$6 billion to boost its generics business in developed markets,...
Buffett Builds $10.7B Stake In IBM

Buffett Builds $10.7B Stake In IBM

Reuters 6 years ago
Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor’s biggest bet in the technology field he...
No Comments

IBM In Talks To Acquire Sun Microsystems: WSJ

Powered by WordPress.com VIP