Sun Micro cuts its price to seal IBM deal

Anthony Massucci
Updated

Sun is about to go down.

According to various reports, Sun Microsystems (JAVA) is so eager to get IBM to buy the company that it's willing to lower its sale price for a stronger commitment. The deal could come as early as Friday.

Sun cut its takeover price to between $9 and $10 a share, down from the previously discussed $10 to $11, according to The Wall Street Journal.

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