IBM Buying Sun Microsystems

According to the NYTimes, IBM will be purchasing Sun Microsystems for around $7 billion. The move isn’t surprising as a buyout of the company has been talked about for quite some time. IBM is offering to buy the Sun shares at $9.50, down from its previous offer of $10.

When the deal goes through, IBM would become the supplier of the Unix servers the company is famous for. This could drastically change the landscape. Neither company has made an official statement, but NYT cites reliable resources for their information.

Some other properties that Sun owns that will find a new home is, MySQL and Java. All things aren’t sunny however, as IBM could be facing anti-trust issues. When the deal goes through, they’ll have a dominant hold on the mainframe market.

Both stock prices are rising at the moment, which is an indicator the deal will be going through soon.