socalTechnews
 
Home
Mobile
News and Events
  • Headlines
  • Events
  • Interviews
  • Jobs
  • Directory
    		•
    Members Only
  • Networking
  • Venture Deals
  • Venture Firms
  • Companies
    • About
  • Membership
  • About
  • Contact Us
    		•
    Search News
    Tuesday, April 8, 2008

    EMC Buys Iomega
    San Diego-based Iomega and data storage giant EMC said Tuesday afternoon that EMC has agreed to acquire Iomega, in a $213M deal. EMC said it will pay $3.85 per outstanding share of Iomega. The firms said that the addition of Iomega will enhance EMC's reach and focus in the consumer and small business markets. EMC expects its tender offer for Iomega to complete in the second quarter of the year. Iomega is a provider of data storage products and services. The sale follows a buyout offer EMC made for Iomega in March, after Iomega announced a deal to merge with ExcelStor Great Wall Technology Limited.
    posted on Tuesday, April 8, 2008

    Related stories:
    > Iomega Loses CFO
    > Iomega Gets New Buyout Offer From EMC
    > Iomega Reports EMC Bid For Firm
    > Iomega And Promise In OEM Deal
    > Iomega Invests In Storage Software Firm

    RSS Feed
    subscri be via emailNewsletter


    Previous news:

     Friday, May 9, 2008
    Thursday, May 8, 2008
    Wednesday, May 7, 2008
    Tuesday, May 6, 2008
    Monday, May 5, 2008