Big data takeover set to be announced Monday with Dell to acquire EMC for $50b+
Dell, Inc. is set to announce a formal takeover offer for rival cloud computing company EMC Corp. later today (Monday.)
Re/Code makes the claim on the timing of the announcement, first rumored last week, and puts the takeover figure at above $50 billion, with talks on the deal said to have been conducted directly between Dell Chief Executive Officer Michael Dell and is rival at EMC Joe Tucci.
Reuters also confirms the timing, but adds an interesting twist to the deal, claiming that EMC is also planning to seek out other suitors and has asked for a ‘go-shop’ provision to be included in Dell’s takeover offer that will allow it to solicit bids from alternative parties to see if they can obtain a better deal than that proposed by Dell.
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