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Share Name | Share Symbol | Market | Type |
---|---|---|---|
NetApp Inc | NASDAQ:NTAP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.33 | 3.26% | 105.45 | 103.00 | 105.50 | 104.73 | 103.0423 | 103.25 | 2,463,473 | 22:54:00 |
NetApp Inc. has agreed to buy data-storage startup SolidFire Inc. for $870 million, adding a participant in a sector that has gained prominence as many businesses turn to flash storage rather than hard drives.
Well-funded storage startups have been a threat to technology giants such as NetApp, International Business Machines Corp. and Hewlett-Packard Co.
"With SolidFire, NetApp will now have all-flash offerings that address each of the three largest All-Flash Array market segments," NetApp said Monday.
The deal is expected to close during NetApp's fiscal fourth quarter.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 21, 2015 17:25 ET (22:25 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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