Linux Today: Linux News On Internet Time.
Search Linux Today
Linux News Sections:  Developer -  High Performance -  Infrastructure -  IT Management -  Security -  Storage -
Linux Today Navigation
LT Home
Contribute
Contribute
Link to Us
Linux Jobs


More on LinuxToday


CNNfn: Sun to buy Cobalt for $2B

Sep 19, 2000, 14:30 (0 Talkback[s])

[ Thanks to Henry Pierre for this link. ]

"Acquires server appliance provider in stock swap to gain market share"

"Sun Microsystems Inc. said Tuesday it agreed to buy Cobalt Networks, a maker of gear for Internet applications, for about $2 billion in stock."

"Under the deal, each share of Cobalt (COBT: Research, Estimates) common stock will be converted to 0.5 Sun shares, a stock swap worth about $2 billion, the companies said in a statement."

Complete Story

Related Stories: