Wednesday, March 21, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google to Develop Its Own Blockchain-Related Technology
Zuckerberg Apologizes For Cambridge Analytica Scandal, Outlines Steps to Protect Users' Data
Mediatek Says There Are No Talks With Broadcom
Seagate Says Its MACH.2 Multi Actuator Technology Breaks Throughput Record, Announces HAMR Reliability Tests
New Apple Watch Bands Feature Spring Colors and Styles
European Commission Proposes Measures to Ensure Companies Pay Fair Tax in the EU
VIVE FOCUS Coming To International Markets Later This Year
Qualcomm's New Snapdragon 845 Virtual Reality Development Kit Coming In Q2
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > EMC to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 09, 2008
EMC to Buy Iomega

Iomega said on Tuesday it had accepted an increased cash takeover offer of $213 million from EMC, a leader in information infrastructure solutions.

The deal allows EMC, the world's largest data-storage provider, to expand in the consumer and small business markets.

EMC will pay $3.85 per Iomega share.

Iomega had rejected EMC's initial offer and then began talks when the larger company sweetened its bid to $3.75 a share, or $205.5 million, in March.

Last December, Iomega had signed a deal to buy ExcelStor, a unit of Great Wall Technology, in a stock swap valued at the time at $306 million. That deal would have made Great Wall its largest shareholder.

Iomega said on Tuesday it paid $7.5 million to terminate the ExcelStor deal in favor of EMC's offer.

Iomega said on March 17 it was prepared to enter talks with EMC, after it sweetened its offer to $3.75 a share.

EMC said the acquisition, expected to be completed in the second quarter, would have no material impact on EMC finances.

Iomegais a maker of network-attached storage products, external hard-disk drives and removable storage.

First Eight OEM Platforms Featuring Quad-Core AMD Opteron Processors Now Available        All News        Yahoo's Flickr Expands Into Online Video
Microsoft Security Bulletin Summary for April 2008     General Computing News      Yahoo's Flickr Expands Into Online Video

Get RSS feed Easy Print E-Mail this Message

Related News
Dell and EMC Merger Completed
EMC DSSD D5 Tackles Demanding IT Workloads With 10 Million IOPS, 144TB
It's Official: Dell Acquires Data Storage Company EMC For About $67 Billion
Dell May Buy Data Storage Company EMC: reports
EMC In Merger Talks With Other Companies: reports
EMC Acquires Flash Storage Company DSSD
IBM, Oracle, EMC To Face China Probe Over Security Concerns: report
Lenovo and EMC Create LenovoEMC JV
EMC, VMware Form Pivotal Initiative
Iomega StorCenter px12-450r Network Storage Array Relased
Lenovo and EMC Team Up in Worldwide Partnership
Iomega New Flagship NAS Comes With McAfee Security on Storage

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .