Sunday May 31, 2020

Tech’s biggest-ever deal sees Dell acquire EMC

Acquisition will mesh Dell dominance in servers with EMC expertise in cloud

12th October, 2015

Dell has agreed to buy EMC for about $67 billion in the largest tech acquisition ever. The deal will create a corporate-computing giant that will use a wider product line-up to woo customers as demand slows and competition stiffens.

Dell plans to pay $24.05 a share in cash plus tracking stock in EMC’s prize holding, VMware, valued at about $9 for each EMC share today.

The price of $33.15 a share is 28 per cent above...

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