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Storage vendor NetApp said today it will buy Data Domain, a de-duplication firm, in a cash-and-stock deal valued at $25 a share, or $1.5 billion net of Data Domain’s cash. The deal will give NetApp more tools to offer customers in their attempts to stay ahead […]

Storage vendor NetApp said today it will buy Data Domain, a de-duplication firm, in a cash-and-stock deal valued at $25 a share, or $1.5 billion net of Data Domain’s cash. The deal will give NetApp more tools to offer customers in their attempts to stay ahead of the ever increasing amount of data created and subsequently stored. De-duplication, a process where only new files are stored at each backup, is a way to hasten backups and reduce the amount of information transferred and then stored. The buy also augments NetApp’s product line that focuses on disk-based storage rather than tape backups.

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  1. [...] Orenstein | Sunday, May 24, 2009 | 9:00 AM PT | 0 comments Bravo to NetApp for acquiring Data Domain. For too long, NetApp has been downright timid in the M&A department, all the while being run [...]

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  2. [...] company, for $30 a share, or roughly $1.8 billion in cash. That’s a 20 percent premium over a $1.5 billion cash-and-stock offer from NetApp, EMC’s bitter rival, unveiled two weeks earlier. Not bad for a company whose shares were [...]

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  3. [...] May 20, NetApp offered $25 per share to acquire Data Domain in a cash and stock deal. Ten days later on June 1, EMC made its own all-cash offer of $30 per [...]

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