IBM in Talks to Buy Sun?
According to the Wall Street Journal, IBM is in talks to buy out Sun. It could be a worthwhile move for IBM, giving them a more complete portfolio. But would it be the right thing for Sun to do? It certainly would have an impact on Sun's battered share price:
It is unclear whether the negotiations will result in a transaction, but if the deal does go through, IBM is likely to pay at least $6.5 billion in cash to acquire Sun, the people said. That would translate into a premium of about 100% over Sun's closing price Tuesday of $4.97 a share on the Nasdaq Stock Market.
Right now, this story probably means more for IBM's place in the server market, and how Sun could help that. When I think about how this could impact Java, I can only see positives. A company such as IBM, could inject more money into Java development. When I think about the company who gave us Eclipse having more of an investment in Java, it's difficult to see any negatives.
What impact do you think IBM taking over Sun would have on Java?