News

IBM poised to buy Sun

IBM is set to buy Sun in the next few days, for between $9 and $10 a share, according to reports in the Wall Street Journal.

Sun's share price has fluctuated between $3.45 and $9.27 amid rumours of the imminent sale.

The company's high-end hardware business has struggled due to economic crisis, which has seen IT departments cut back on spending. Last month the company announced 1,500 jobs cut as part of its plans to slash costs.


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy