Wednesday, July 8, 2009
NetApp Gives Up; Data Domain to Be Acquired by EMC
EMC has long claimed that its bid for Data Domain is clearly superior to NetApp’s, and today NetApp finally agreed. After market close Wednesday afternoon, NetApp said it has terminated its merger agreement with Data Domain, giving the data storage technology vendor leave to accept EMC’s unsolicited takeover bid–at $33.50 a share cash, an 11 percent premium over its own.




