Take Over Talks Between IBM And Sun Microsystems Collapse
By: Ainsley Brown
In what would be the largest acquisition in IBM’s history, talks to take over its rival Sun Microsystems have collapsed. The deal worth an estimated $7 billion broke off after Sun Microsystems’ dissatisfaction with the share price IMB was offering consequently it terminated IBM’s exclusive negotiating status. In response IBM withdrew its offer.
All of this could just be negotiating posturing by both sides or it could be that IMB after taking a much closer look doesn’t like what it sees at Sun Microsystems. Only time will tell which is the true position.
This is likely the best offer Sun will see. They will not survive long-term in their current state. Their customers and employees will benifit from rolling into IBM. Pure posture to get the high end investors / excutives paid out.