Dell Seals $67 Billion Deal for EMC
Deal will create the world’s largest privately-controlled integrated technology company.
The deal, which has been approved by the EMC board of directors but awaits approval from EMC stockholders, will create the world’s largest privately-controlled integrated technology company.
VMware, a subsidiary of EMC that provides cloud and virtualization software, will remain a publicly traded company.
“The combination of Dell and EMC creates an enterprise-solutions powerhouse bringing our customers industry-leading innovation across their entire technology environment. Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT, including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security,” said Michael Dell, founder, chairman and CEO of Dell.
“Our investments in research and development and innovation, along with our privately controlled structure, will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes.
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