IBM not keen on Sun anymore

Tweet

IBM is no longer interested in buying smaller rival Sun Microsystems Inc at any price,although many investors appear to believe a deal was still possible. IBM had withdrawn a $7 billion offer for Sun earlier this month, after the smaller company rejected the bid of up to $9.40 per share as too low, sources with knowledge of the matter have said.Sun, which rose to prominence in the 1990s, had been searching for a buyer for several months, according to bankers.