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IBM Trying to Buy Sun Micro

Posted Mar 18, 2009 7:09 AM CDT
IBM Trying to Buy Sun Micro
A worker cleans up a wall at the IBM booth on the CeBIT exhibition in Hanover, northern Germany, on Friday, Feb. 29, 2008.   (AP Photo/Joerg Sarbach)

IBM is in talks to buy Sun Microsystems, sources tell the Wall Street Journal, in a deal that could be completed as early as this week. IBM would likely dole out at least $6.5 billion for Sun, a premium of more than 100% on yesterday’s closing price. Sun has been shopping itself for months, getting shot down by HP, among others. IBM is hoping the move, potentially its biggest ever, would bolster its online business.

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