Big Blue has reportedly withdrawn its offer to acquire Sun Microsystems after the companies failed to agree on the $7bn (£4.7bn) deal over the weekend.
According to the Wall Street Journal, Sun felt the deal gave IBM too much leeway to abandon it. Meanwhile the New York Times claimed there were other issues at stake, such as contracts with Sun executives and managers and senior engineers that made Sun more expensive than IBM had predicted.
It appears the vendors failed to agree a price, which IBM reportedly had dropped from $10 to $11 per share three weeks ago to $9.40 in the past few days.
According to a report from the Associated Press IBM walk away from the deal when Sun’s board said it would no longer negotiate with IBM exclusively.
XMA bosses on becoming a 'performance VAR', pocketing £50m of Misco leftovers, and acquisition near-misses
Lee Hemani and Andy Wright reveal that XMA is aiming to boost net profits to three per cent of revenues as they run through the growth ambitions of the UK's ninth-largest reseller
The biggest threat to any company's security strategy is actually their own staff. At this exclusive CRN event next month, find out how you can help your customers ensure they stay protected from within as well as from external threats.
Businesses also admit to holding data without permission of subjects
Zedsphere says end-point security vendor's offerings will be a 'key' feature of its wider portfolio