EMC, the world’s largest maker of storage systems and software,  on Tuesday entered a bidding war with rival NetApp over Data Domain, making a surprise $1.8bn all-cash offer for the smaller data de-duplication company. Its offer of $30 per share in cash represents a 20% premium over the offer from NetApp, which on May 20 announced plans to buy Data Domain for $1.5bn, or $25 per share in cash and stock. Analysts said that EMC is likely to prevail in the bidding.

This entry was posted by Gwen Robinson on Tuesday, June 2nd, 2009 at 4:56 and is filed under Capital markets, M&A. Tagged with Data Domain, emc, NetApp. Edit this entry.