Financial Times FT.com

Rivals in bidding war for Data Domain

By David Gelles in San Francisco

Published: June 4 2009 00:16 | Last updated: June 4 2009 00:16

The fate of the lucrative technology company Data Domain has set off a bidding war between two data storage rivals as they vie to control the emerging market for “deduplication” products.

Data Domain on Wednesday agreed to be acquired by NetApp for $1.9bn, or $30 a share in cash and stock. The offer from NetApp matched an all-cash bid from EMC made on Monday. NetApp and Data Domain originally agreed to a deal at $25 a share on May 20.

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