IBM has reportedly lowered its bid for Sun Microsystems to $9 to $10, the Wall Street Journal reports.
The bid had originally been $10 to $11. But Santa Clara, Calif.-based Sun (NASDAQ: JAVA) accepted the lower bid in exchange for commitments from IBM (NYSE: IBM) that it would go through with the deal even if it faced regulatory hurdles. The companies employ roughly 6,000 people in Massachusetts.
Any deal between the two companies is expected to face an antitrust review from the federal government because of consolidation in the server industry.
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