Business news for Mon, 31 Dec 2007 & with words advanced+buy. 3 news.

JERUSALEM (Reuters) - International Business Machines Corp is in advanced talks to buy Israeli start-up XIV Information Systems for $300 million to $350 million, financial daily Globes reported on Monday.

TEL AVIV (MarketWatch) -- International Business Machines Corp., the Armonk, N.Y., tech giant, is in advanced talks to buy an Israeli storage-technology startup, XIV, for $300 million to $350 million, the Israeli business daily Globes reported in its online edition. Citing sources, Globes said the company is chaired by Moshe Yanai, a former executive with EMC Corp., the Hopkinton, Mass., technology-infrastructure provider. Yanai laid out the $3 million that's funded XIV from its founding in 2002 to date, Globes reported.

Reuters - International Business Machines Corp is in advanced talks to buy Israeli start-up XIV Information Systems for $300 million to $350 million, financial daily Globes reported on Monday.