SGI sold to Rackable Systems for $25M

Posted by Bill Bradford on Apr 1, 2009

Something that may be of interest to SunHELP readers, and is not an April Fools day gag:

SGI has been acquired by Rackable Systems for $25 million cash after filing for Chapter 11 bankruptcy earlier today.

Press releases are available from SGI and Rackable. News articles about the acquisition are up at the New York Times, The Register, and Reuters.

One response to “SGI sold to Rackable Systems for $25M”

  1. katzmandu says:
    01/04/09 at 9:16 am

    So, if I won powerball the other week, $95MM total on a $40MM annuity, and after taxes I’d have $30MM. I’d have enough cash to buy SGI myself.

    Wow.