  We report near-infrared integral field spectroscopy of the luminous merging
galaxy NGC 6240. Stellar velocities show that the two K-band peaks separated by
1.6arcsec are the central parts of inclined, rotating disk galaxies with equal
mass bulges. The dynamical masses of the nuclei are much larger than the
stellar mass derived from the K-band light, implying that the progenitor
galaxies were galaxies with massive bulges. The K-band light is dominated by
red supergiants formed in the two nuclei in starbursts, triggered ~2x10^7 years
ago, possibly by the most recent perigalactic approach. Strong feedback effects
of a superwind and supernovae are responsible for a short duration burst
(~5x10^6 years) which is already decaying. The two galaxies form a
prograde-retrograde rotating system and from the stellar velocity field it
seems that one of the two interacting galaxies is subject to a prograde
encounter. Between the stellar nuclei is a prominent peak of molecular gas
(H_2, CO). The stellar velocity dispersion peaks there indicating that the gas
has formed a local, self-gravitating concentration decoupled from the stellar
gravitational potential. NGC 6240 has previously been reported to fit the
paradigm of an elliptical galaxy formed through the merger of two galaxies.
This was based on the near-infrared light distribution which follows a
r^1/4-law. Our data cast strong doubt on this conclusion: the system is by far
not relaxed, rotation plays an important role, as does self-gravitating gas,
and the near-infrared light is dominated by young stars.
