Tuesday, June 02, 2009

EMC Seeks To Outbid Rival in Battle For Data Firm - WSJ.com

Getting back to business as usual

EMC Corp. started a bidding war in the technology industry with an offer to pay nearly $2 billion in cash for Data Domain Inc., looking to scuttle an agreement by rival NetApp Inc. to buy the smaller data-storage company.

Takeover battles among technology firms have been scarce since the stock-market meltdown last fall. But EMC's action follows Oracle Corp. outbidding International Business Machines Corp. to win Sun Microsystems Inc. Analysts say the combination of depressed prices for small companies and cash hoards at large companies could lead to more competitive deals.

EMC Seeks To Outbid Rival in Battle For Data Firm - WSJ.com

Post a Comment