$7 billion Sun Takeover Offer from IBM off the Table?

Apr 6 2009, 1:00am CDT | by Luigi Lugmayr

Two weeks ago rumors appeared that IBM was in talks to buy Sun Microsystems for $7 billion. The rumor turned into reality over the last few weeks, but now it looks like IBM withdrew the offer over the weekend according to the WSJ.

The reason for the deal withdrawal is apparently that the Sun board is split on the IBM offer.
More details on the WSJ and the NY Times.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.