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Dell buys EMC for USD 67 bln, VMware to remain independent

Monday 12 October 2015 | 16:48 CET | News
Dell has agreed to buy EMC for an estimated total of USD 67 billion, or USD 33.15 per share in cash. The price is fluid as part of the money will be paid in tracking stock linked to a portion of EMC's stake in VMware. The combination will create the world's largest privately-controlled, integrated technology company, bringing together expertise in digital transformation, software-defined data centre, hybrid cloud, converged infrastructure, mobile and security. It will be a leader in the USD 2 trillion IT market with complementary product portfolios, sales teams and R&D investment strategies.

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Categories: Fixed / IT
Companies: Dell EMC / EMC / EMC / VMware
Countries: United States
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