Cloud Computing: EMC May Be on Merger Block – Who’s Buying?
September 22, 2014
Grazed from TopTechNews. Author: Jennifer LeClaire.
Is EMC selling itself? The data Relevant Products/Services storage products maker might be, if you believe the rumor mill. The Wall Street Journal first broke the story about a potential merger and other options, citing pressure from a shareholder activist and the retirement of its CEO Joseph Tucci sometime early in 2015.
In fact, the Journal reports that EMC has been in talks with Hewlett-Packard (HP) for nearly a year about a potential tie up. Those talks recently ended, but discussions are reportedly underway with Dell, Cisco Relevant Products/Services and Oracle, the paper reported. It’s unclear if EMC would be sold as an entire unit or broken up into parts and lose its brand identity altogether…
In addition, to the uncertainly surrounding Tucci’s retirement, the Journal reported that hedge fund Elliott Management Corp., which has taken a big stake in EMC, has urged it to break up to ignite its shares…
Read more from the source @ http://www.toptechnews.com/article/index.php?story_id=112001UUTZ80