Biggest tech & big data takeover ever: Dell acquires EMC for a staggering $67b
It’s official: Dell, Inc. has announced a formal takeover offer for rival cloud computing company EMC Corp.Dell, Inc.
The deal has been described by Bloomberg Business as the largest technology acquisition ever with a deal that values EMC at a staggering $67 billion.
The deal is split into Dell paying $24.05 a share in cash plus tracking stock for the 80 percent EMC owns in VMware Inc., with an additional $9 for each EMC shares (minus VMware), for a total equivalent share price of $33.15, 28 percent above EMC’s closing level on Oct. 7.
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