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Dell agrees to acquire EMC for US$67 billion

Written by Cio
Dell agrees to acquire EMC for US$67 billion
  • Cio
  • 3 years ago
Dell agrees to acquire EMC for US$67 billion

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Dell has agreed to acquire EMC in a cash-and-shares deal valuing the company at US$67 billion, the companies announced Monday.

Michael Dell will become chairman and CEO of the merged company.

The deal will combine the world’s biggest enterprise storage vendor with one of the largest server makers, forming a company that can serve a broad range of enterprise needs. It will take Dell’s storage portfolio upmarket and help to resolve organizational issues vexing EMC.

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