Update: IBM Corp. reportedly withdrew its offer on April 5 to buy Sun Microsystems Inc. for about $7 billion, clouding the prospects for a deal that would have shaken up the computing industry. It is not clear whether Sun and IBM will eventually return to their talks, which were in their final stages in recent days. But IBM took its deal off the table this weekend after Sun terminated IBM's status as its exclusive negotiating partner, according to a person familiar with the situation, who was not authorized to disclose the negotiations and spoke on condition of anonymity.
The breakup of the negotiations was first reported Sunday by The Wall Street Journal.
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