EMC agrees to buy Data Domain for $2.4 billion. EMC is paying cash for Data Domain, the preferred currency over stock in these days of recession. NetApp agreed to be acquired by EMC for $1.5 billion in May, but dropped out of the competition. Deduplication is helping in the shift from tape to disk backup and archive storage. The company expects the acquisition to be accretive to its non-GAAP earnings in its 2010 fiscal year.”]
Source: https://www.darkreading.com/database-security/emc-acquires-data-domain-for-2-4-billion