MUNICH, Germany According to media reports, IT giant IBM is in takeover talks with Sun Microsystems. The deal could be closed as early as this week, writes Wall Street Journal.
In its online issue, WSJ quotes "persons familiar with the matter" saying that IBM is offering $6.5 billion for its smaller rival, about twice the current market value.
Both companies are offering large server computers. They have several aspects in common: They pursuit a strategy to stay independent from IT market giants Microsoft and Intel, and both are supporting open software universes such as Linux and Java. A possible takeover would strengthen the position of the companies against Hewlett-Packard.
The deal is however far from being set and done, the paper writes, adding that the companies involved declined to comment.