I.B.M. Reportedly Buying Sun Microsystems for $7billion

[engine]

I.B.M. Reportedly Buying Sun Microsystems for $7billion [nytimes.com]

I.B.M. appears on the verge of acquiring Sun Microsystems, a longtime rival in the computer server and software markets, for nearly $7 billion. The two companies have been negotiating for weeks, ironing out terms of an agreement that would turn I.B.M. into the dominant supplier of high-profit Unix servers and related technology. I.B.M. is offering $9.50 a share, down from a bid of $10 a share, said people familiar with the discussions who were not authorized to speak publicly. The new agreement would restrict I.B.M.’s ability to walk away from the deal, these people said.

[kaled]

I can't comment on the price, but it seems to make good sense otherwise (from IBM's point of view). I imagine that employees will be nervous in both organisations since there are bound to be job losses.

Kaled.