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Loading ...Well, it could have been interesting. First a deal between IBM and Sun was “in final stages” then, three days later, no Easter miracle. The Wall Street Journal reports: “For IBM, Not Acquiring Sun Is Likely Just A Minor Setback”
Over the weekend, The Wall Street Journal reported that Sun’s board had rejected a formal offer from the Armonk, N.Y.-based technology giant. Talks had been going on for several weeks and the deal was initially pegged at close to $8 billion.
IBM and Sun spokespeople declined to comment on the developments. But a person familiar with the situation confirmed the talks had broken down.
Analysts are still saying that IBM is Sun’s best bet, but IBM clearly doesn’t see it as right for them. There are certainly other options for Sun. Cisco is moving into the server business. While Sun doesn’t fit the profile of a typical Cisco acquisition, it still must be tempting. Then there’s HP, Oracle and a few others with deep enough pockets.
Of course, it could all be positioning… Time will tell. Either way, a change on the landscape is probably imminent.
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