This was originally posted on ZDNet's Between the Lines.
EMC swooped in Monday with a $1.8 billion, or $30 a share, offer for Data Domain.
The rub: rival NetApp already had a plan to buy the Santa Clara, Calif.-based company for $1.5 billion, or $25 a share.
EMC said its all-cash offer is a 20 percent premium over NetApp's stock-and-cash offer on May 20.
Simply put, EMC wants to acquire Data Domain in order to thwart NetApp's offer--or at the very least make the acquisition more expensive. Joe Tucci, EMC's chief executive, said … Read more