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.

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