International Business Machines is in talks to acquire Sun Microsystems, the Wall Street Journal said, citing people familiar with the matter.

That would translate into a premium of about 100 percent over Sun's closing price Tuesday of $4.97 a share on the Nasdaq, the paper said.

Sun is a maker of software and high-end computers.

(Reporting by S. John Tilak in Bangalore, editing by Will Waterman)

Ibm Sun