March 18, 2009 / 7:50 AM / 9 years ago

IBM in talks to buy Sun Micro - WSJ

March 18 (Reuters) - International Business Machines (IBM.N) is in talks to acquire Sun Microsystems JAVA.O, the Wall Street Journal said, citing people familiar with the matter.

IBM is likely to pay at least $6.5 billion in cash to acquire Sun, the people told the paper.

That would translate into a premium of about 100 percent over Sun’s closing price Tuesday of $4.97 a share on the Nasdaq, the paper said.

Sun is a maker of software and high-end computers.

(Reporting by S. John Tilak in Bangalore, editing by Will Waterman)

    ((john.tilak@thomsonreuters.com; +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: john.tilak.reuters.com@reuters.net))

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