IBM withdraws $7 billion offer for Sun Microsystems

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Sun Microsystems

tgdaily.com - 4/6/2009

IBM withdraws $7 billion offer for Sun Microsystems

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Negotiations between IBM and Sun Microsystems apparently have come to a screeching halt causing Sun's stock to drop by more than 20%. According to a report by the Wall Street Journal, Sun co-founder of Sun's board, Scott McNealy, told IBM that the company wanted to end the discussion about a ...

nytimes.com - 4/5/2009

I.B.M. Withdraws $7 Billion Offer for Sun Microsystems

— nytimes.com — withdrew its $7 billion bid for Sun Microsystems on Sunday, one day after Sun’s board balked at... a reduced offer, according to three people close to the talks. The deal’s collapse after weeks of negotiations raises questions about Sun’s next step, ... (more) I.B.M. Withdraws $7 Billion Offer for Sun Microsystems

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online.wsj.com - 4/5/2009

IBM Talks Teeter as Sun Board Splits

— online.wsj.com — Talks between International Business Machines Corp. and Sun Microsystems Inc. were on the verge of unraveling Sunday,... threatening a potential $7 billion acquisition that would place one of Silicon Valley's iconic companies under the Big Blue ... (more) IBM Talks Teeter as Sun Board Splits

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nytimes.com - 4/3/2009

I.B.M. Reportedly Will Buy Rival Sun for $7 Billion

— nytimes.com — appears on the verge of acquiring Sun Microsystems , a longtime rival in the computer server and... software markets, for nearly $7 billion. The two companies have been negotiating for weeks, ironing out terms of an agreement that would turn I.B.M. into ... (more) I.B.M. Reportedly Will Buy Rival Sun for $7 Billion