EMC, Isilon Acquisition Talk Cools

NEW YORK, Nov 4 (Reuters) – Shares of data storage company Isilon Systems (NASDAQ:ISLN) fell 7.4 percent on Thursday after a Wall Street Journal report said EMC Corp’s (NYSE:EMC) interest in a takeover deal had cooled. The two parties have not been able to agree on price, the Journal reported on its website, citing unnamed […]

Nov 5, 2010
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

NEW YORK, Nov 4 (Reuters) – Shares of data storage company Isilon Systems (NASDAQ:ISLN) fell 7.4 percent on Thursday after a Wall Street Journal report said EMC Corp’s (NYSE:EMC) interest in a takeover deal had cooled.

The two parties have not been able to agree on price, the Journal reported on its website, citing unnamed sources. The paper added that a deal was still possible, although it did not look likely at the moment.

Last month sources told Reuters that Frank Quattrone’s investment bank, Qatalyst Partners, was working with Isilon.

Isilon was trying to determine where it fits following Hewlett Packard’s acquisition of 3Par and EMC’s deal for Data Domain, a source said at that time.

EMC, Dell and Oracle were seen as possible bidders for Isilon, but Isilon was seen as expensive, the sources said at the time.

EMC declined to comment. Isilon was not immediately available for comment.

Isilon shares fell $2.09 to close at $26.07 on the Nasdaq. (Reporting by Paritosh Bansal; Editing by Steve Orlofsky)
 

Recommended for you...

Trend Micro and Google Cloud Double Down on AI Security

The expanded alliance emphasizes AI-driven defenses, sovereign cloud capabilities, and new anti-scam protections for businesses worldwide.

Allison Francis
Jul 30, 2025
Arctera Updates Platform to Reduce AI Compliance Risks

Arctera updates Insight to help organizations capture, chronicle & contain AI data, easing compliance and unlocking insights from LLM interactions.

TA Wordpress
Jul 30, 2025
Channel Vet Frank Rauch Joining Morphisec in Advisory Role

Channel vet Frank Rauch joins Morphisec’s advisory board to boost MSSP strategy and partner growth with a prevention-first cybersecurity focus.

Jordan Smith
Jul 29, 2025
Azul Debuts Managed Services Program for Java-Focused Partners

Azul empowers MSPs with sublicensable Java insights, enabling code cleanup, vulnerability detection, and license compliance via Intelligence Cloud.

Jordan Smith
Jul 29, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.