A private equity consortium led by Silver Lake Partners is in talks to buy SunGard Data Systems for as much as $10 billion, a move that would mark one of the biggest leveraged buyouts since the RJR Nabisco takeover, it was reported last week.

The group, which includes buyout heavyweights Texas Pacific Group and Thomas H. Lee Partners, has been engaged in serious discussions with SunGard for the past few weeks about buying the software and processing-services provider and taking it private. The proposed leveraged buyout of the company would likely require the big investors to commit as much as $3 billion to $4 billion in equity, with the remaining portion of the acquisition financed with debt.

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