Hell's Bells, Dell! Lays Out Over $65B For EMC
Computer maker Dell is out to purchase storage provider EMC for around 67 beeeeellion dollars, in a historic deal. That's a lot of cabbage, no matter the mix of stocks, cash and so on.
Dell Inc. agreed to buy EMC Corp. for about $67 billion in the largest technology acquisition ever as Michael Dell looks to leverage EMC’s dominance in storage devices amid intensifying competition.
The deal, which founder Dell is funding with partners such as Silver Lake, will help the personal-computer maker broaden its product lineup to respond to enduring threats from perennial rival Hewlett-Packard Co. and upstarts such as Nutanix Inc. For EMC, the combination may mollify activist investors clamoring to see more growth.