IBM is said to have informally approached several companies in the networking business, including Dell, Hewlett-Packard, Cisco, Juniper and Fujitsu, to gauge interest, Re/code reported.

IBM sold its low-end server business last week to Lenovo for $2.3 billion. 

10.-- Sprint (S) board members Masayoshi Son and Dan Hesse met recently with Justice Department officials who said they would view a Sprint acquisition of wireless rival T-Mobile US (TMUS) with skepticism, people briefed on the conversation told The Wall Street Journal.

Department officials indicated at the meeting that a deal combining Sprint and T-Mobile could face regulatory difficulties, the people told the Journal

-- Written by Joseph Woelfel