[Industry News] Dell's buying EMC for $67 billion in the biggest tech deal ever

Posted on Tue, Oct 13, 2015 @ 02:18 PM by Irvin Rodriguez

The following excerpt is taken from Engadget's October 12th article, "Dell's buying EMC for $67 billion in the biggest tech deal ever." The article discusses Dell's agreement to buy EMC Corporation, written by Aaron Souppouris. In the Business Intelligence and Telecom industries, this can mean big changes moving forward following the acquisition.

dell_business_deal"Dell has agreed to buy EMC Corporation for a deal worth $67 billion. While EMC isn't a household name, some of its products and subsidiaries are. In addition to selling cloud services, storage and analytic solutions to enterprise companies, EMC owns the security firm RSA and the virtualization solution VMware. The deal is huge -- it's being billed as the largest tech acquisition in history. EMC is probably worth twice as much as Dell itself right now, and has some 70,000 employees worldwide.

How can Dell afford the takeover? The deal is being financed by MSD Capital (Michael Dell's investment firm) in partnership with Silver Lake, which also helped fund Mr. Dell's takeover of the company he founded in 2013. If the deal passes the relevant regulatory hurdles, it'll make the resultant company a giant in the enterprise computing field."

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Topics: Tech Tips, industry news

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Irvin Rodriguez
Irvin Rodriguez
Irvin is a perceptive, results-driven, focused Engineering professional with outstanding success directing a broad range of engineering projects while participating in planning, analyzing and implemen...read more