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IBM in talks to buy Sun Microsystems

International Business Machines is in talks to acquire Sun Microsystems, 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, sources told the paper. That would translate into a premium of about 100 per cent over Sun’s closing price on Tuesday of $4.97 a share on the Nasdaq, the paper said. In recent months, Sun...