Sun In Talks To Be Acquired By IBM
gandhi_2 writes “Sun Microsystems soared in European trading after a report that it was in talks to be acquired by IBM. The Wall Street Journal, quoting “people familiar with the matter,” reported Wednesday that International Business Machines was in talks to buy the company for at least .5 billion in cash, a premium of more than 100 percent over the company’s closing share price Tuesday. Officials of Sun and IBM could not immediately be reached for comment.”
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