FT.com / Technology - EMC makes all-cash bid for Data Domain

Financial Times FT.com

EMC makes all-cash bid for Data Domain

By David Gelles in San Francisco

Published: June 2 2009 03:17 | Last updated: June 2 2009 03:17

EMC on Monday 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 per cent 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.