The bidding war for Data Domain stepped up this week after NetApp raised the stakes with rival EMC by making a new cash and stock offer of USD $1.9 billion.
This came two days after EMC’s offer of USD $30 per share in a deal worth about USD $1.8 billion – around 20 per cent over the original USD $1.5 billion offered last month by NetApp.
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NetApp announced this week that it has agreed to buy data backup and disaster recovery systems provider Data Domain Inc. for USD $25 per share in cash and stock, or about USD $1.5 billion.
The data storage company said it will operate Data Domain as a product line.
Well, it was only a matter of time. The data storage market has slowed down – and much more than anticipated, writes Samantha Sai for storage.biz-news.
IDC revealed last week that global external disk storage systems’ factory revenues dropped by a half per cent in the fourth quarter.
Just a few months ago, Sun Microsystems revealed the availability of its new Unified Storage System – the Sun Storage 7000 family.
Described as the world’s first Open Storage Appliance, Sun claims the Storage 7000 family is the "biggest thing to happen to storage in decades", writes Samantha Sai for storage-biz-news.