Thursday, 15 October 2015

Dell: PC maker buys EMC in largest deal in tech history for $67B



Dell Inc. has acquired Data storage company, EMC Corp., at the steep price of $67 billion, taking its place as he largest tech deal in history, Dell and partners MSD Partners and Silver Lake agreed to buy EMC today for $67 billion or $33.15 a share.
Even better, is the fact that Dell with a valuation of around $25 billion was by far the smaller fish at approximately half the size of EMC.
The two combined companies will make the Dell and EMC the world’s largest privately controlled, integrated technology company, according to a statement released by EMC.
The biggest part of EMC by far is VMware, which was included in the deal and will continue to be a separately publicly traded company.
EMC will now go private and become part of Dell ending the company’s long history as a publicly traded company.

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