Dell looks to become cloud giant with EMC acquisition
October 12, 2015
Grazed from NWR. Author: Brian Anderson.
Dell Computers is looking to ramp up its efforts in the burgeoning cloud computing and data storage industry. Already the world’s third largest computer manufacturer, and the largest manufacturer of storage hardware, the deal with EMC would give the company a huge presence in the online services sector.
EMC is the world’s second largest server company, and has a big presence in data analytics, big data, security, and other software sectors. According to insiders, Dell is offering $33 dollars per share to buy EMC, a substantial premium over the $28 dollars the stock closed at last week. In total, the deal would be worth about $40 billion dollars…
The deal would also include a tracking stock in VMware Inc., which would be issued to EMC shareholders and valued at $8 dollars a share…
Read more from the source @ http://www.natureworldreport.com/2015/10/dell-looks-to-become-cloud-giant-with-emc-acquisition/