EMC to acquire Data Domain
EMC Corporation today announced that it has entered into a definitive agreement with Data Domain, Inc., a leading provider of deduplication storage solutions, under which EMC will acquire Data Domain in a cash tender offer for $33.50 per share.
East Coast storage giant EMC has raised its bid for Data Domain, offering $33.50 per share in hopes of persuading the Santa Clara company's board to abandon a lower offer which it had previously accepted from rival storage company NetApp.