EMC in talks to buy Isilon – NY Post

NEW YORK, Oct 18 (BestGrowthStock) – EMC Corp (EMC.N: ), the world’s
biggest maker of corporate data storage equipment, is in
exclusive talks to buy computer storage company Isilon Systems
Inc (ISLN.O: ) for more than $2 billion, the New York Post
reported on Monday.

The report quoted an unnamed source as saying the deal
would be done this year.

Spokesmen for both EMC and Isilon declined to comment.

Isilon has been seen as a takeover target since a bidding
war between Hewlett-Packard Co (HPQ.N: ) and Dell Inc (DELL.0: )
over data storage company 3PAR Inc. HP won that battle in
September, and analysts had said Dell and others could shift
their attention to other storage companies.

Bloomberg previously reported that Isilon was seeking
bidders for a possible sale, and had hired Qatalyst Partners,
run by technology banker Frank Quattrone.

Shares of Isilon were up 2.2 percent to $28.34 in early
afternoon trade, while EMC shares were down 2.3 percent to
$20.62.
(Reporting by Ritsuko Ando; Editing by Tim Dobbyn)

EMC in talks to buy Isilon – NY Post