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Dell Agrees to Purchase EMC For $67 Billion

Category: General News
Posted: 11:34AM

Dell has announced that it will purchase storage specialist EMC in conjunction with Silver Lake, MSD Partners, and Temasek Holdings for a total of $67 billion. The deal has a total value of $33.15 per share, a 28% boost from the October 7 closing stock price, with a mix of cash and stock being used as compensation. EMC has a 21% share of the storage market, roughly double the share for Dell, and the acquisition should augment the Dell server business and return value to EMC shareholders. The deal will close sometime next year between May and October.

Source: Ars Technica

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Waco on October 13, 2015 02:08
This is good and bad - buddy up the street works for EMC, it will remain to be seen if Dell values HPC knowledge.

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