IBM in Talks to Buy Sun Microsystems

by Benjamin Domenech on 11:11 am March 18, 2009

BANGALORE (Reuters) – IBM is in talks to buy Sun Microsystems Inc for at least $6.5 billion, The Wall Street Journal reported, in a deal that could bolster their computer server products against rivals such as Hewlett-Packard Co.

That would translate into a premium of about 100 percent over Sun’s Nasdaq closing price Tuesday of $4.97 a share, the paper said, citing people familiar with the matter.

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