Dell in talks to buy data storage company EMC
October 8, 2015
Grazed from Reuters. Author: Mike Stone.
Dell Inc., the world’s third largest personal computer maker, is in talks to buy data storage company EMC Corp, a person familiar with the matter said, in what could be one of the biggest technology deals ever. A deal could be an option for EMC, under pressure from activist investor Elliott Management Corp to spin off majority-owned VMware Inc.
The terms being discussed were not known, but if the deal goes through it would top Avago Technologies’ $37 billion offer for Broadcom. EMC has a market value of about $50 billion. Dell is also in talks with banks to finance an all-cash offer for EMC, the person told Reuters on condition of anonymity as the talks were confidential…
Dell spokesman David Flink and EMC spokesman Dave Farmer declined to comment. A deal could further strengthen Dell’s presence among corporate clients at a time when founder Michael Dell has been trying to transform the company he founded in 1984 into a complete provider of enterprise computing services such as Hewlett-Packard Co and IBM…
Read more from the source @ http://www.reuters.com/article/2015/10/08/us-emc-us-m-a-dell-idUSKCN0S200F20151008