NetApp Outbids EMC for DDUP

Data Domain (NASDAQ: [[ticker:DDUP]]) shareholders must be flying high this week. Today Sunnyvale, CA-based storage company NetApp (NASDAQ: [[ticker:NTAP]]) announced that it has increased its bid for Santa Clara, CA-based deduplication software provider Data Domain to some $1.9 billion in an effort to fend off EMC’s (NYSE: [[ticker:EMC]]) $1.8 billion offer, tendered Monday night. NetApp is offering Data Domain sharedholders the same price per share as Hopkinton, MA-based EMC—$30—but said that the deal is worth slightly more than EMC’s offer due to “certain adjustments.” In a reference to the EMC offer, NetApp chairman and CEO Dan Warmenhoven said, “The complementary nature of the Data Domain and NetApp product lines will result in higher aggregate growth compared to the redundancies that would result with the EMC product line.”

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/