IBM, Sun near deal

05 April 2009

International Business Machines (IBM) and Sun Microsystems are in the final stages of negotiations to merge the two groups. The companies are now discussing a deal in which IBM would pay $9.55 a share for Sun, about $1-a-share lower than Sun previously expected, according to the Wall Street Journal. The revised price, which values the company at about $7bn, would lower the amount IBM would have to pay by $750m.

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