EMC offers to buy Data Domain for $1.8 billion
EMC Corp has offered to buy Data Domain Inc for $1.8 billion in cash, throwing a wrench into NetApp Inc's plans to buy the data storage company for $1.5 billion.
East Coast storage giant EMC has raised its bid for Data Domain, offering $33.50 per share in a cash deal aimed at persuading the Santa Clara company's board to abandon a lower offer which it had previously accepted from rival storage company NetApp.