A long-speculated acquisition by International Business Machines Corp. (IBM) of Sun Microsystems Inc., is close to fruition, according to Wall Street Journal’s morning report. Though the specifics are not known, the deal would be a solid one.

The mix of these two companies would boost IBM’s Internet backbone presence, and improve its standing in the software, finance and telecommunications markets. CNet reports a bidding price of $6.5 billion.

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