Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 09 April 2008 07:43

EMC to buy Iomega

Written by David Stellmack

Image

Iomega accepts cash takeover offer


Iomega Corporation announced that it has accepted a cash takeover offer of $213 million from EMC Corporation.  In exchange, Iomega said that it would abandon its plan to buy ExcelStor, a unit of China's Great Wall Technology Company Ltd. in a stock swap that was valued at $306 million. Iomega said that the termination of the ExcelStor deal required it to pay $7.5 million to ExcelStor.

Iomega, based in San Diego, California, is known for its external hard-disk drives, removable storage and network-attached storage devices, and its product offerings will allow EMC to grow in the consumer and small business markets. EMC is the world’s largest data storage company. The acquisition is expected to close during the second quarter of 2008.

The real question now is how will EMC use Iomega and what does the future hold for the brand going forward?

Read the official Iomega press release here.

Last modified on Wednesday, 09 April 2008 10:02

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments