IBM may buy Sun Microsystems

18 March 2009

International Business Machines is reportedly in talks to buy Sun Microsystems, the Wall Street Journal has reported. The paper quotes sources who say that no agreement has been reached so far, but if the deal does go through, IBM is likely to pay at least $6.5bn in cash to acquire Sun, which would translate into a premium of about 100% over Sun's closing share price Tuesday.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications