As was rumored earlier and reported by TheDataDriver.com, Dell today announced its $67 billion deal to acquire enterprise storage vendor EMC. This is one of the biggest acquisitions that is set to transform the tech sector as EMC incorporates VMWare and other acquired companies.
Without doubt, the combined company will be a leader in servers, storage, virtualization and the converged IT infrastructure market. The combination of Dell and EMC will address demand of large and small customers’ changing IT needs.
Dell does not talk about the possible job cut and share information about cost savings.
Dell CEO Michael S Dell is supported by MSD Partners and Silver Lake, two technology investing companies, for buying EMC and its subsidiary companies in the largest ever technology deals. When Dell went public in 2012, IBM supported Dell.
VMware, EMC’s cloud infrastructure subsidiary, will be maintained as a publicly-traded company.
The deal between Dell and EMC will be the largest technology deal till today.
HIGHLIGHTS OF DELL-EMC DEAL
# Dell buys EMC for $67 billion
# Dell CEO Michael S Dell gets support from MSD Partners and Silver Lake
# VMware will be publicly-traded company
# The largest technology deal
# EMC shareholders to receive $33.15 per EMC share
# Dell and EMC will create the world’s largest privately-held technology company
# Michael S Dell will be the CEO
# Dell grabs EMC, VMware, Pivotal, VCE, RSA and Virtustream
EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business.
Comments
Post a Comment