Microsoft's chief executive said on Monday he was 'very surprised' by Oracle Corp's plans to buy Sun Microsystems Inc.
Oracle Corp plans to buy Sun Microsystems Inc for more than $7 billion, after the high-end computer server and software maker's talks with IBM fell apart.
Oracle Corp said on Monday it will buy Sun Microsystems Inc for $9.50 a share, valuing the high-end computer server maker at more than $7 billion.
Oracle Corp said on Monday it will buy Sun Microsystems Inc for $9.50 a share, valuing the high-end computer server maker at more than $7 billion.
IBM is no longer interested in buying smaller rival Sun Microsystems Inc at any price, CNBC reported on Thursday, although many investors appear to believe a deal was still possible.
Sun Microsystems shares rose 10 percent Thursday after its willingness to resume IBM acquisitions talks to complete the deal; however IBM is no longer interested.
Sun Microsystems Inc would be willing to resume takeover talks with International Business Machines Corp if IBM made a stronger commitment to closing a deal, Bloomberg said, citing two people familiar with the matter.
Shares of Sun Microsystems Inc tumbled 23 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone company.
IBM’s move to buy Sun have broken down, however, IBM is still the best option for the company, according to industry watchers.
Shares of Sun Microsystems Inc tumbled 22.5 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone
Shares of Sun Microsystems Inc tumbled 22.5 percent after it rejected a $7 billion buyout bid from IBM, leaving the smaller server and software maker vulnerable to lawsuits from shareholders nervous about its viability as a stand-alone
Shares of Sun Microsystems Inc tumbled 23 percent on Monday after the company rejected rival computer and software maker International Business Machines Corp's $7 billion offer.
Shares of Sun Microsystems Inc dropped on Monday after a source with knowledge of the matter told Reuters that IBM's talks to acquire its smaller rival broke down.
Shares of Sun Microsystems Inc dropped on Monday after a source with knowledge of the matter told Reuters that IBM's talks to acquire its smaller rival broke down.
Shares of Sun Microsystems Inc dropped on Monday after a source with knowledge of the matter told Reuters that IBM's talks to acquire its smaller rival broke down.
Shares of Sun Microsystems Inc dropped on Monday after a source with knowledge of the matter told Reuters that IBM's talks to acquire its smaller rival broke down.
IBM's talks to acquire smaller computer and software rival Sun Microsystems Inc broke down on Sunday after Sun rejected IBM's $7 billion offer, a source with knowledge of the matter said.
IBM and Sun Microsystems Inc broke off acquisition talks after Sun indicated it was unhappy with IBM's offer of $9.40 or below per share, a source with knowledge of the matter said on Sunday.
Talks between IBM Corp and computer and software company Sun Microsystems Inc are on the brink of collapse, The Wall Street Journal reported on its website on Sunday.
International Business Machines has lowered its offer price for Sun Microsystems to $9.50 a share from $9.55 a share, although they are still in talks and the deal is not final, a source with knowledge of the matter said on Saturday.
For IBM, buying Sun Microsystems Inc makes a lot of good business sense: It removes a competitor, strengthens IBM against rival Hewlett-Packard and picks up on the cheap the intellectual property of one of Silicon Valley's most respected companies.