Feeds

IBM-Sun deal breaking down, report says

Too little money. Too little commitment

Next gen security for virtualised datacentres

According to spokespeople for the two companies a report on Sunday evening in the Wall Street Journal, the much-rumored and never-admitted merger talks between IBM and Sun Microsystems appear to have hit an impasse.

No kidding. Huh.

The report posted on Sunday said that Sun's board of directors had rejected a "formal acquisition offer" from IBM on Saturday, which was believed to be worth "$9.40 or below" per share, which works out to around $6.85bn. Sun was also, according to the report, annoyed that IBM would be able to walk away from the acquisition too easily as it was configured in IBM's proposal.

Apparently, Sun has sent back the engagement ring a notice to Big Blue terminating IBM's "agreement for exclusive negotiations." And IBM has subsequently withdrawn its statements of honorable intentions offer to buy Sun. If Sun were pregnant, Pa McNealy would be going over to Pa Palmisano's house with a loaded shotgun and this deal would be done the good, old-fashioned, American way, with a Justice (Department) of the Peace. That's not to say that Sun isn't screwed, particularly after all the merger talks and IBM's having seen, er, all the goods.

Plenty of people think this is a bad deal, particularly for Sun. But that doesn't mean it is dead. The soap opera will no doubt continue, and Rupert Murdoch has a seat right next to the stage to make the most of it. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.