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| VIEW EVENT INFORMATION: IBM |
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Big Blue Wants To Swallow Sun For $6.5 Billion |
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About the organization IBM:
Type: Business
Sub-Types: Computer, Computer Software, Computer Hardware, Website |
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Notable Organizations: IBM, Techcrunch
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| The consolidation in enterprise technology is upon us. Once mighty Sun Microsystems is now reportedly; in talks to be acquired by IBM for a mere $6.5 billion. That is two quarters of revenues for Sun. If you factor in the $2.6 billion in cash and short term investments on Sun’s balance sheet, the true offer is closer to $4 billion. Sun’s shares jumped this morning 65… |
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