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online.wsj.com - 4/6/2009

IBM Talks Teeter as Sun Board Splits

— online.wsj.com — Talks between International Business Machines Corp. and Sun Microsystems Inc. were on the verge of unraveling Sunday,... threatening a potential $7 billion acquisition that would place one of Silicon Valley's iconic companies under the Big Blue ... (more) IBM Talks Teeter as Sun Board Splits

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Sun Microsystems

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guardian.co.uk - 4/12/2009

IBM set to axe thousands in move to cheap labour abroad | Business | The Observer

— guardian.co.uk — is planning to axe thousands of jobs in Britain, Germany and Ireland as part of a broader... move to shift much of its workforce to cheaper outlets in eastern Europe, China, India and South America, the Observer has learned. "We expect many job cuts in ... (more) IBM set to axe thousands in move to cheap labour abroad ...

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driverheaven.net - 4/2/2009

Report: IBM cuts price on Sun deal

— driverheaven.net — IBM has reportedly cut its purchase price for Sun Microsystems to a range of $9 to $10... a share. And Sun is apparently willing to accept the lower range providing IBM agrees to pursue the deal, even in the face of antitrust scrutiny, according to a report Thursday in The Wall Street Journal. ... (more) Report: IBM cuts price on Sun deal

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Sun Microsystems Rejects IBM Buyout Offer
techPowerUp! — ... merger candidates. IBM, in return, withdrew its buyout offer. Two reasons stay behind Sun's decision, one being the belief that the bid was too low, and the other being the terms of agreement, which give IBM too much flexibility in walking away from the deal. It is unclear if a second bid will be proposed by IBM, or will the negotiation between the two companies continue. Representatives from both IBM and Sun declined to comment on an unannounced information. Source: CNET News

Sun rejects IBM takeover bid
DV Hardware — ... Sun has reportedly rejected IBM's buyout offer on Saturday, and IBM is said to have withdrawn its offer: Sun Microsystems rejected IBM's formal buyout offer on Saturday, calling the bid insufficient and putting future deal talks at risk, according to a report Sunday in The Wall Street Journal. IBM reportedly made a formal bid of $9.40 a share, or less, for Sun, which in turn rejected the offer and terminated Big Blue's right to exclusive merger talks, the Journal reported. IBM, in turn, withdrew its buyout offer. In addition to ...