Quantcast
RSS
Servers / Storage July 08, 2009 2:10 PM

EMC Wins Bidding War for Data Domain

Data Domain has agreed to be acquired by EMC for $33.50 per share, ending a bidding war with NetApp. James Niccolai, IDG News Service

Was this article useful? Yes 0 No 0

Storage vendor Data Domain has agreed to be acquired by EMC for US$33.50 per share, ending a bidding war that had pitted EMC against NetApp.

People who read this also read:
  • Comment
  • Email
  • Print

Data Domain said Wednesday it has signed a definitive merger agreement with EMC and terminated its previously announced merger deal with NetApp. Data Domain said it paid NetApp a $57 million termination fee under terms of that agreement.

EMC launched a tender offer for Data Domain, a vendor of deduplication storage systems, on June 2. Data Domain said its board considers the terms to be in the best interests of its shareholders and recommends they tender their shares to EMC.

EMC's offer is set to expire July 17, but EMC can extend the offer period if it needs to.

Was this article useful? Yes 0 No 0
Add Yours

Comments Readers reply with their ideas and expertise.

Subscribe to this discussion via email or RSS

  • What do you think?

Business News Daily

Get the latest technology news that's important to you and your business, fresh seven days a week.

Featured Webcasts
More webcasts »

Free Whitepapers

Software and Services Whitepapers from PC World

More whitepapers »

Whitepaper Alerts

Get updates on white papers, case studies, and spotlights on tech products and solutions for your business.

PC World's Marketplace

Sponsored Links