Feeds

IBM-Sun deal breaking down, report says

Too little money. Too little commitment

Business security measures using SSL

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 And IBM has subsequently withdrawn its statements of honorable intentions offer to buy Sun.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. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.