News - IBM/Sun deal hits the rocks

[HEXUS]

It?s been reported that IBM has walked away from the deal after Sun rejected a lowered offer.

Read more.

[hermano pequeño]

Do we know what the "potential complications" might be?

[DR]

Not enough money.... ?

Cisco coming in to the server market?

Could be a number of reasons they walked...

[Funkstar]

I assume this has been in the new for some time, I just hadn't noticed it until yesterday when it was in the Scotland On Sunday business section.

[hermano pequeño]

Not enough money.... ?

Cisco coming in to the server market?

Could be a number of reasons they walked...

Ahh... Thought there might be a suggestion that they had found something moody under the surface, when they were having a closer look at books & forecasts etc.

[DR]

Ahh... Thought there might be a suggestion that they had found something moody under the surface, when they were having a closer look at books & forecasts etc.

Could well be..... not sure if you have knowledge of anything which Sun might have done wrong?

[TAKTAK]

Ahh... Thought there might be a suggestion that they had found something moody under the surface, when they were having a closer look at books & forecasts etc.

Could be, could be anything...
They may have just got cold feet
But we won't know until/if more details get released

edit: beated

[hermano pequeño]

Could well be..... not sure if you have knowledge of anything which Sun might have done wrong?

Nope - just hoping for some gory scandal

[Scott B]

Nope - just hoping for some gory scandal

It looks more mundane than that - just due diligence revealing some issues that made slightly lower what it was prepared to pay. Could well just be a negotiating ploy and now IBM is testing Sun's nerve - is it prepared to walk away?

[Mutley]

After 100 lawyers looked over Sun's IP and assets, they determined that there would be most costs to IBM involved, and lowered how much they wanted to pay. The Board of Sun rejected the revised offer (or at least the majority did).
The offer is still close to 100% over market value.

So, we'll just see what happens next.