News Dell in talks to buy this company

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Dell, the world's third-largest maker of personal computers, is in talks to buy and cloud computing company EMC, a person familiar the matter told Reuters.

Reuters reported that Dell was in talks with banks about raising debt financing for an all-cash offer for EMC. The terms of the negotiations were not immediately known, Reuters noted, adding that EMC had a market capitalization of about $50 billion as of Wednesday's close.

If the deal went through, it would be one of the biggest tech tie-ups ever, topping U.S. chipmaker Avago Technologies' $37 billion offer for rival Broadcom. That deal is still in process.

Dell, EMC in talks to merge: DJ, citing sources

 

[Technoglitch]

The cloud computing is the hottest business now.

 

[scorpionking76]

and software services too

 

[IndianMascot]

Cloud computing is the present and future.

 

[scorpionking76]

EMC Takeover Marks Return of Michael Dell

Michael Dell, founder of what once was the leading PC maker, stepped out of the limelight when he took Dell Inc. private two years ago. Now he is back with what promises to be the biggest tech deal in history, a $67 billion acquisition of EMC Corp.

Mr. Dell, in announcing the cash-and-stock deal to buy EMC, vowed to play a more central role in technology used by corporations. EMC would add the broadest line of data-storage hardware as well as data-center software from VMware Inc. and other high-profile businesses to Dell’s offerings.

The buyout of Mr. Dell’s company in 2013 enabled him to maneuver outside the public eye, and by some accounts he has revitalized Dell’s core business. The stakes held by Mr. Dell, his investment vehicle and private-equity firm Silver Lake—which is teaming up on the deal—have roughly doubled in value to about $11 billion since then, according to people familiar with the matter.

EMC Takeover Marks Return of Michael Dell - WSJ

 

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