EMC buys Data Domain, NetApp drops out of bidding

Courtesy Newsvine - business  Wed, 07/08/2009 - 14:35

A bidding war over data storage company Data Domain is over, with EMC emerging as the victor.


 

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EMC hikes offer for Data Domain, bidding escalates
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Raising the stakes in a contentious Silicon Valley bidding war, EMC for Data Domain to $33.50 per share in cash in hopes of snatching the company from NetApp.

EMC raises bid for Data Domain to $33.50 per share
Data storage company EMC boosted its offer to buy Data Domain to $33.50 per share in cash and says it received regulatory approval for the purchase.

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