IBM in talks to buy Sun for $6.5 billion
Wall Street Journal is reporting that IBM is in talks to buy Sun Microsystems Inc. IBM may pay at least $6.5 billion, 100 percent more than Sun’s closing price of $4.97 a share on Tuesday, the report said. An acquisition of Sun Microsystems is expected to bolster IBM’s Internet, data storage, government and telecommunications business.
Sun has been the primary developer and driver for the Java language and an acquisition of Sun is bound to have a major impact on the future of Java. Rumors about Sun’s acquisitions have been floating around for some time and Sun Microsystems is said to have been in touch with a number of technology companies with the aim of being acquired.
How will IBM’s buying out of Sun Microsystems affect Java? Would it be a positive step and lead to a brighter future for Java?
Strange how the only source for this story across 100s of sites, tv, etc, is a report on the Wall Street Journal. I hope the WSJ reporter doesn’t come back with “Sun.. oh no, it was a typo I had meant…” 🙂
Strange how the only source for this story across 100s of sites, tv, etc, is a report on the Wall Street Journal. I hope the WSJ reporter doesn’t come back with “Sun.. oh no, it was a typo I had meant…” 🙂