IBM in Talks to Buy Sun

Sun Microsystems surged the most ever in German trading after the Wall Street Journal reported IBM is in talks to buy the company for at least US$6.5 billion. Sun Microsystems jumped as much as 61 per cent to 6 euros in Frankfurt trading. The offer would value Sun’s stock at more than double the closing price of $US4.97 in the US yesterday, the Wall Street Journal reported, citing people familiar with the plan. An agreement may not be reached, the newspaper said. Officials at Sun and IBM declined to comment

Share this Story
Load More Related Articles
Load More By Red Wolf
Load More In Technology

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

The Tiny Monorails That Once Carried James Bond / Tom Scott

The Roadmachines Mono-Rail may have been the only ...

Photos from Flickr