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Dell announces EMC buyout

by on12 October 2015

EMC allowed to see other people

Dell has confirmed that that it is involved in the largest IT deal in ages and by the storage outfit EMC for $67 billion dollars.

EMC also planning to seek out other suitors, but there are very few which can come up with that sort of dosh and they are have already said that they are not interested. IBM, Cisco and HP could theoretically be potential buyers but they are washing their hair at the moment.

The negotiations between Dell and EMC, as well as talks with banks about securing the necessary debt financing.

The deal will likely value EMC in the region of $33 per share, one of the people said. Around $25 per share would be paid in cash, and the rest would be paid to EMC shareholders with a special stock that tracks the market value of VMWare the virtualization software company majority-owned by EMC, that person added.

Buying EMC would help Dell diversify away from the stagnant PC market and give it the scale to attack the faster-growing and more lucrative market for managing and storing data for businesses.

This is all good agressive stuff from a company whidh we did not expect to survive going private a few years ago.  Dell appears to be back on the block.

Last modified on 12 October 2015
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