IBM Cuts Its Price For Sun To $9-$10

IBM (IBM) cut its takeover price for Sun Micro (JAVA) to $9 to $10 in exchange for commitments that IBM will finish the deal, the WSJ reports.

That’s down from the previously floated price of $10 to $11 for Sun.

WSJ: Sun is concerned regulators could hold up a deal for months and impose conditions on its completion as part of the government’s antitrust review. Should that occur, Sun’s board wants to limit IBM’s ability to exit the deal.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at