Seagate who were apparently on sale have turned down the takeover deal from its competitor, Western Digital. Sources have told Bloomberg that both companies were in talks after the discussion ended with TPG Capital. Western Digital reportedly was willing to offer 10 to 50 percent more than TPG, which is said to be over […]
Palm on sale says Bloomberg
Bloomberg is citing “three people familiar with the situation” that claims Palm has put itself on sale. Palm is working with Goldman Sachs Group Inc. and Qatalyst Partners who’re trying to find a buyer and will seek bids starting this week. Dell is claimed to take a look but decided to drop out from […]
Oracle takes over Sun Microsystems
While we had an impression that IBM was the most interested to acquire Sun Microsystems, Oracle today announced that they have taken over Sun and will acquire the common stock for $9.50/share. The deal is valued around $7.4 billion which is almost a billion more than what IBM rumored to offer. The acquisition will […]
IBM looking to acquire Sun Microsystems for $6.5 Billion?
Looks like the tough times has made ailing Sun Microsystems to hunt out for buyers in recent months. Though HP is reported having turned down the Sun takeover, WSJ’s sources say that IBM is in talks to buy Sun for a staggering $6.5 billion. The rumored figure turns out to be 100% more than […]