Thursday, March 14, 2013

Reuters: Technology News: Exclusive: EMC, IBM eye web hosting company SoftLayer - sources

Posted by Isabella on 2:54 PM

Reuters: Technology News
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Exclusive: EMC, IBM eye web hosting company SoftLayer - sources
Mar 14th 2013, 21:10

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The sign at the IBM facility near Boulder, Colorado September 8, 2009. REUTERS/Rick Wilking

The sign at the IBM facility near Boulder, Colorado September 8, 2009.

Credit: Reuters/Rick Wilking

NEW YORK | Thu Mar 14, 2013 5:10pm EDT

NEW YORK (Reuters) - IBM Corp and EMC Corp are among parties in talks to buy privately held database web hosting company SoftLayer Technologies Inc, in a deal that could fetch over $2 billion, three sources close to the matter said.

Dallas, Texas-based SoftLayer has hired Morgan Stanley and Credit Suisse to run the sale process, the sources said, asking not to be named because the talks are private.

SoftLayer's sale process was initially spurred by one of its customers, AT&T Inc, which approached the company in recent months seeking exclusive talks, one of the sources said. AT&T is no longer involved in the process, two of the sources said.

Spokespeople for SoftLayer, AT&T, EMC, IBM, Morgan Stanley and Credit Suisse declined to comment.

(Reporting by Nadia Damouni; additional reporting by Nicola Leske and Sinead Carew; Editing by Soyoung Kim, Bernard Orr)

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