IBM, Sun Deal Friday?
by John Paczkowski
Posted on April 2, 2009 at 12:00 PM PT
How badly does Sun (JAVA) want its acquisition deal with IBM to go through? So badly that it’s willing to lower its purchase price for assurances that Big Blue will finish the deal. People familiar with the matter tell The Wall Street Journal that Sun has agreed to lower its takeover price to between $9 and $10 per share from $10 to $11 on the condition that IBM (IBM) commits to acquiring it regardless of a government antitrust review.
Talks between the two companies continue. And, according to DealBook, which pegs the price at $9.50 a share, a deal could be announced as soon as Friday. If it is, it will likely prove the largest in IBM’s history, surpassing its $5 billion acquisition of software maker Cognos in November 2007.
Comments
it’s very bad decision
Posted by Rajesh Kuamr Chekuri at April 3rd, 2009 at 12:57 amwhy the hell they decided to sell
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Be Ready……
Rumors have surfaced of Sun’s Scott Mcnealy and several Google
representatives meeting behind
closed doors earlier this week.
Google/Sun combination, sure to halt IBM’s monopolistic attitude.
Posted by Kevin Savetz at April 4th, 2009 at 1:14 pm