05 Apr Talks between Sun Microsystems and IBM break down
Posted at 08:03h in IT 0 Comments
Madison – Talks between Sun Microsystems Inc. and IBM Corp. about IBM’s acquisition of Sun are on the brink of collapse, the online edition of the Wall Street Journal reported Sunday. The deal would have been valued at about $7 billion, the report said. Reports surfaced about two weeks ago that IBM was willing to pay $10 to $11 a share to acquire Sun, but talks reportedly were held up by “extensive” due diligence by IBM, which was investigating issues including which of Sun’s complex array of software licenses might conflict with its own.