Yahoo news points to an article on Reuters news service, where it quotes unnamed people familiar with the situation.
Very short article, looks more like a backchannel communication method saying “come back, we really do want you to court us”.
I would imagine that some shareholders … er … expressed their rather positions, rather emphatically … to Sun’s board. I am sure quite a bit of heat was generated, until the relevant people saw the light.
Just guessing of course. Sun didn’t want to (accidentally) turn into Yahoo.
If IBM came back, and I am not sure if it would … playing games now means merging things will be harder due to egos and such, I am reasonably sure the offer would be lower. Is the pain worth the cost? Will Sun pull more shenanigans? That has to be factored into the cost.
I would hope Sun’s board gets this.