IBM’s Largest Acquisition | IBM-Sun Talks May Extend Beyond Next Week
The news about IBM will acquisition Sun Microsystems Inc is proof. The source who related with this case reported that both of this company was continuing their plan and it start on week ahead.
This source, who mentioned name officially, also said at this time IBM checking all of the part all of the aspect that they need from Sun.
The two denied comment about this merger processing despite both of these company have a meeting secretly and reported that Sun will help IBM with this acquisition. If it true, it means IBM will growth as the high end server and has the large business in software.
IBM reported that this company will start this acquisition with paid Sun about 8 billion dollars. If Sun agrees with this amount, it is becomes as the big deal along the IBM history.
Before IBM signing this acquisition, at this time they reported has some legal processes that will show how health Sun assets in the market, including Sun’s share.
This acquisition seems as if the competition that participates by two big technology companies, where IBM’ will acquisition Sun Microsystems Inc. versus Hewlett-Packard Co (HPQ.N) and Cisco Systems Inc (CSCO.O) in order to make their business more large and large again.
For your information only, the Stock Exchange recorded that Sun share climbs up to 1.5 percent and sat on US$7.97 and keep rise up to US$8.23. so do IBM share that start rise up 0.7 percent and close at 98.64.
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March 28th, 2009
Financial News