In an economic climate such as the one we’re currently experiencing, we’re sure that Sun Microsystems is wishing they could say, “No takesies-backsies!” For the past few weeks, it seemed like everyone was on the edge of their seat waiting to see what would happen with IBM’s offer Sun. On Sunday, everything came to a halt when IBM withdrew a hefty $7.5 billion bid for the computer and software manufacturer. Sun became apparently picky when the sum ($9.40 per share instead of the $9.55 offer from the prior week) and details of the negotiations didn’t quite meet their tastes. Now the company could be facing a rough future if IBM can’t find a way to please and purchase it. In the meantime, Sun’s stock prices could continue to drop as they further their quest to find a buyer.
IBM to Sun Microsystems: On Second Thought, No Thanks
Updated Dec 19th, 2018 6:17PM EST
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