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IBM: We don’t want Sun, really

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Chicago (IL) – Sources close to Sun said that the company asked IBM to reopen talks about a possible acquisition, but IBM apparently declined and said it would not be interested in buying Sun at any price.

According to CNBC, IBM’s reasons for not being interested in Sun were not based on the firm’s products, but the possibility of “intense regulatory scrutiny.” As a result, IBM has left the negotiating table for good, even after Sun indicated that it would agree to a lower price.  

IBM and Sun declined to comment on the report. Sun shares were up 2.3% to $6.26 in early Thursday trading.