Tuesday, March 14, 2006

Mergers, Acquisitions, Venture Capital, Hedge Funds - Dealbook - New York Times

Mergers, Acquisitions, Venture Capital, Hedge Funds - Dealbook - New York Times: "Talk of an imminent sale of Sun Microsystems to Google has been swirling around trading floors and Silicon Valley for more than a week. Shares of Sun, which has a partnership with Google to develop and distribute each other’s technology, spiked up about 4 percent last week as a result of the rumors. The speculation got even more legs after Google purchased Writely, a maker of a Web-based word processor that some people viewed as a product to be added to Sun’s StarOffice suite, which Google may help distribute. It’s also convenient that Eric Schmidt, Google’s chief executive, is the former chief technology officer of Sun."

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