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

sQuashie

October 12, 2015 7:06 PM

Dell and partners MSD Partners and Silver Lake agreed to buy EMC today for $67 billion or $33.15 a share.

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

Dell Inc. has today, acquired Data storage company, EMC Corp., at the steep price of $67 billion, taking its place as he largest tech deal in history.

The settled upon price has far exceeded the $27 price being rumored last week, and makes the deal far larger than the $37 billion that Avago paid for Broadcom just last May.

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.

As expected, Dell will lead the newly formed organization and long-time EMC CEO, Joe Tucci will retire, leaving Michael Dell to run the combined organization.

The question now is, as with any deal of this sort, it is yet to be seen how two massive companies with entrenched cultures can come together into a single entity.

There are those who believe there could be problems in the near future but we hope the merge goes as smoothly as the sale went.

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