IBM-Sun Merger Appears Near

[ Thanks to Paul Shread for this link. ]

"The Wall Street Journal and other news sources say that after weeks of due diligence, IBM could pay between $9 and $10 a share for Sun. Sun reportedly agreed to take about 10 percent less than initially expected in exchange for IBM's commitment to persevere through any regulatory scrutiny the deal might face.

"The combined company would have a dominant position in the Unix server market that could face antitrust review -- and the two companies could face similar issues in mainframe tape and disk storage, according to Illuminata analyst John Webster"

Complete Story

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