Wednesday, March 18, 2009

IBM in talks to buy Sun

Say it aint so.. IBM is in talks to buy Sun. Southeastern Asset Management, an activist investment group and largest shareholder of Sun is looking for ways to turn a quick profit on its shares of Sun.

Well what better way to make a profit than to carve up their holdings and auction them off to the highest bidder! IBM is apparently the first bidder. HP has also been rumored to have been approached to bid on Sun.

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