Thursday, April 02, 2009

IBM Lowers Takeover Bid for Sun - WSJ.com

Not looking so likely, but with the price going down, it could be attractive to other potential acquirers…

International Business Machines Corp. has cut its intended takeover price for Sun Microsystems Inc. to between $9 and $10 a share, according to people familiar with the matter.

Sun has agreed to accept a lower price in return for stronger commitments from IBM that it will complete the deal even if it faces intense regulatory scrutiny, the people added.

[…]

After a deal, the combined companies would account for 42% of total server market revenue--65% of the market for servers based on the Unix operating system. The companies will also account for nearly half of all revenue from tape-storage systems.

IBM Lowers Takeover Bid for Sun - WSJ.com

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