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EMC to Buy Iomega

By Red Wolf

8 April 2008

28 second read

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In Business, Technology

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EMC reached a deal to buy data-storage firm Iomega for $US213 million ($228.84 million) in cash, scuttling a deal Iomega previously made with a group of Chinese companies. The two sides agreed to the deal after EMC sweetened its offer to $US3.85 a share

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