In light of a new buyout offer for Data Domain Inc. by EMC Corp., NetApp Inc. said today it plans to review "all of its options" in considering a counteroffer for the deduplication vendor.
EMC on Monday increased its offer to acquire storage vendor Data Domain from $1.8 billion to $2.1 billion. The all-cash offer is "clearly superior" to NetApp's $1.9 billion proposal, which includes stock and cash, EMC CEO Joe Tucci said in a letter to Data Domain's board that EMC publicly released.
Sidekick: The Good News & the Bad News Either way you look at it Microsoft Data Center management did not follow standards or best practices in this failure. In which case it makes me wonder more about the outsourcing of corporate data much less personal data.
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Data Domain board rejects EMC's $1.8B offer, recommends NetApp merger
EMC extends deadline for its Data Domain bid
EMC raises bid for Data Domain to $2.1 billion
NetApp to review counteroffer for Data Domain
NetApp to acquire Data Domain for $1.5 billion
NetApp's $1.5B purchase of Data Domain focuses on de-dupe, backup
EMC bids $1.8 billion for Data Domain
Bidding war: NetApp counters EMC for Data Domain with $1.9B offer
Data Domain accepts new NetApp offer
Analysis: EMC doesn't need Data Domain, but damages chief rival NetApp