Monday, April 06, 2009

IBM-Sun merger said to be in doubt - The Boston Globe

The plot thickens…

IBM Corp. over the weekend withdrew its offer to buy Sun Microsystems Inc. for about $7 billion, clouding the prospects for a deal that would have shaken up the computing industry.

Talks were in the final stages, but IBM took its offer off the table after Sun terminated IBM's status as its exclusive negotiating partner, according to two people who spoke on condition of anonymity. One of the people said the two sides were still meeting yesterday.

IBM-Sun merger said to be in doubt - The Boston Globe

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