More mega mergers on the boil?

The recent tidal wave of mega mergers is again gathering momentum with several leading industry players understood to be in talks.

Early last week, Unisys' share price surged almost 30 per cent on rumours the company is talking to German carrier Deutsche Telekom about a merger.

Unisys shares on the New York Stock Exchange changed hands for as much as $US32.50 on March 27 before settling down to end the day at $US27.75, up $US2.44 from the close of the previous trading day.

A Unisys spokesman declined to comment on any merger plans before presstime. However, he noted the rumour, which was reported widely in the IT press, stemmed from a single article that appeared in the German magazine Focus.

"We're dealing with a rumour here and we don't comment on rumours, so we'll neither confirm or deny the reports," Unisys spokesman Jay Grossman said.

Meanwhile, shares in eBay jumped 12 per cent on March 24 in response to speculation the online auctioneer had resumed talks with Yahoo about a possible merger or alliance.

Yahoo has been expected to team with an Internet or media company since America Online agreed to buy media giant Time Warner in January.

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