Quoting people familiar with the matter, WSJ said that IBM was in talks to buy Sun Microsystems Inc and the deal would bolster the company`s presence in the internet, software and finance and telecommunications markets.
"If the deal goes through, IBM is likely to pay at least $6.5 billion," the WSJ report revealed.
"The two companies have a common interest in that both make computer systems for corporate customers that are not reliant on Microsoft Corp`s Windows software, and their product lines are less dependant than rivals` on Intel Corp.`s microprocessor technologies, " the report stated.
Both companies are also strong supporters of open-source Linux and Java software, it added.
However, the daily said the people familiar with the matter have cautioned that even as the talks for the buyout are underway, a transaction might not occur.
Sun Microsystems develops innovative products and services that power the network economy.
Source:
http://economictimes.indiatimes.com/IBM-in-talks-to-buy-Sun-Microsystems-Report/
