After much anticipation of a deal between International Business Machines Corp. (IBM) and Sun Microsystems Inc., the greater press is reporting that acquisition talks have stalled to the point of collapse.
According to Bloomberg reporters Connie Guglielmo and Katie Hoffman, IBM has proposed paying $9 to $10 a share for Santa Clara, California-based Sun, and IBM had been planning to announce the acquisition tomorrow, a person familiar with the matter said last week.
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