Quote
Ripple Labs made various proposals to Jed, Chris, and I. But, was unable to come to agreement with Jed. We learned of Jed's future sales plans via the forums as the rest of you."
That post is by a Ripple employee. Looks like there won't be a buy out.
*edit*
Didn't notice there was already a coindesk article.
http://www.coindesk.com/price-ripple-xrp-plummets-co-founde-9-billion-selloff/