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IBM In Talks To Acquire Sun Microsystems?

IBM has been in talks with Sun Microsystems this week, looking to acquire the struggling company for $6.5 Billion. The Sun stock has reach a 52-week low of $2.60 a share recently and it has been trading in the downward territory for the last several years. Today, in pre-morning trading the stock has rocket up 65% to $8.22 a share - in the hopes of the buyout.If the deal were to go through, it would become the largest acquisition in IBM's history. It would also position IBM in the market better to compete with HP and Cisco. IBM currently manages slightly more market share than HP in the global server market and buying Sun would only increase this share.

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