• 02 Apr 2009 at 3:55 PM

IBM To Capture The Power Of The Sun?

By

In case you missed it earlier today, not everyone is taking this recession thing laying down.

International Business Machines Corp. and Sun Microsystems Inc. are negotiating a takeover that values Sun at $9 to $10 a share, people familiar with the matter said.

Personally, we like the world better with an independent Sun. There’s no standing in the way of progress, however. (Or an 80% premium).
IBM, Sun Said to Be Discussing Deal at $9 to $10 [Bloomberg]

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Comments (13)

  1. 1
    Posted by guest | April 2, 2009 at 4:03 PM

    $5 and a milkshake for the first person that has an opinion about this

  2. 2
    Posted by guest | April 2, 2009 at 4:03 PM

    All your Sun are Belong to HAL.

  3. 3
    Posted by guest | April 2, 2009 at 4:08 PM

    always thought apple would buy sun especially after they started making blade servers. oh well, i guess they’ll buy IBM one day.

  4. 4
    Posted by guest | April 2, 2009 at 4:09 PM

    80% premium? Close today was $8.22, close yesterday was $7.99. With math skills like that you should work at AIG.

  5. 5
    Posted by Novice | April 2, 2009 at 4:33 PM

    @4 I’m going to let you in on a secret: Premia are measured against the share price *before* the deal was announced.
    Kudos for implicitly verifying the existence of merger-arb strategies, tho.

  6. 6
    Posted by Anal_yst | April 2, 2009 at 4:45 PM

    Who’s advising IBM on this inevitable write-down?

  7. 7
    Posted by guest | April 2, 2009 at 5:13 PM

    @3, you’re kidding right?

  8. 8
    Posted by guest | April 2, 2009 at 5:19 PM

    Are you tan from the Sun? I am “Guest” from the Earth.

  9. 9
    Posted by guest | April 2, 2009 at 5:56 PM

    lying down.

  10. 10
    Posted by guest | April 2, 2009 at 6:59 PM

    LYING down!
    Arg…

  11. 11
    Posted by guest | April 2, 2009 at 7:01 PM

    Lay eggs
    Lie down

  12. 12
    Posted by guest | April 2, 2009 at 7:03 PM

    @7 yeah sorta. don’t think they’ll buy IBM. did think they’d buy sun if only out of mutual hatred for the beastmaster.

  13. 13
    Posted by guest | April 3, 2009 at 9:56 AM

    Let me pull out my back issues of Red Herring from 1995-1999 and get back to you on the valuation numbers…
    –Calgary Schmooze

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