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IBM, Sun unable to reach a deal

IBM, Sun unable to reach a deal

Sun's board rejects a formal acquisition offer by IBM, considering the offer price too low.

IBM and Sun Microsystems have been unable to reach agreement on the terms of an acquisition, with the talks nearing collapse on Sunday, the Wall Street Journal has reported. Sun's board rejected a formal acquisition offer by IBM on Saturday, considering the offer price too low, the Journal said. Sun was also concerned that the offer gave IBM too much leeway to walk away from the deal, according to the newspaper, which cited unnamed sources familiar with the situation. IDG News Service, San Francisco Bureau

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Tags vendor consolidation

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