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IBM and Sun broke off acquisition talks: report
Reuters via Yahoo ^
| 4/5/2009
| N/A
Posted on 04/05/2009 2:55:25 PM PDT by Incorrigible
IBM and Sun broke off acquisition talks: report
15 mins ago(Reuters) – International Business Machines Corp (IBM.N) and Sun Microsystems Inc (JAVA.O) broke off talks aimed at a $7 billion acquisition, the Wall Street Journal reported on Sunday.
Talks between IBM and Sun were on the brink of collapse, threatening to undermine a potential $7 billion acquisition, according to the newspaper.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy; US: California; US: New York
KEYWORDS: ibm; newyork; sunmicrosystems; technology
The Sun sets...
To: Incorrigible
You know, the Yahoo! shareholders would be a heckuva lot better off today if they had agreed to Microsoft's original offer.
Gotta figure that the Sun shareholders might look back on this episode and rue the day...
To: Incorrigible
Wonder if IBM got a look at cooked books?
3
posted on
04/05/2009 3:21:59 PM PDT
by
CodeToad
(Anyone wanting the government to take over medical care should stand in line at the post office)
To: CodeToad
Seems strange. I thought it was a done deal. It makes sense in many ways.
There’s more to come before the market opens tomorrow.
4
posted on
04/05/2009 3:28:36 PM PDT
by
Incorrigible
(If I lead, follow me; If I pause, push me; If I retreat, kill me.)
To: Incorrigible
I hate it when that happens. Want some SUN at 9? OK, how about 4?
To: CodeToad
"Wonder if IBM got a look at cooked books? "
Naw...they were probably afraid that obama would fire the new CEO and take over...he's such a freakin' business genius, ya know.
6
posted on
04/05/2009 4:18:36 PM PDT
by
FrankR
(We are only enslaved to the extent of charity (bailout) we receive...think about it.)
To: ShadowAce; Ernest_at_the_Beach; Swordmaker
7
posted on
04/06/2009 5:45:49 AM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
To: SunkenCiv
Just saw this on the TVee...Board wants more money....what a joke...
To: Incorrigible
From marketwatch....
Big Blue's offer of $9.40 per share rebuffed by Sun board, reports say
Sun shares plunge on reports of IBM deal collapse
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