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IBM And EMC Are Fighting Over SoftLayer, The Hottest Enterprise Company In The World Right Now

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IBM And EMC Are Fighting Over SoftLayer, The Hottest Enterprise Company In The World Right Now

International Business Machines 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.

The IT infrastructure specialist, founded in 2005, has become the world's largest privately held website hosting service. The company provides its 25,000 customers with cloud infrastructure mainly for small and medium-sized businesses.

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.

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