Dell, EMC, VMware Look to Boost Shareholder Support for Deal
The vendors reportedly are considering changes to a plan for Virtustream in hopes of improving investor confidence in Dell’s $67 billion bid for EMC.
Dell’s proposed $67 billion acquisition of storage giant EMC and its array of federated companies reportedly is hitting some hurdles, many of which are due to VMware’s sliding stock price since the proposed merger was first announced in October.
The deal represents the largest acquisition in tech industry history and would create a massive company that officials with both Dell and EMC hope would have the resources to challenge such vendors as IBM and Hewlett Packard Enterprise (HPE) in the competitive IT solutions and service market. Michael Dell has said that the deal will give his company the necessary scale not only in such current market segments—such as servers, storage and virtualization—but also in emerging spaces like big data, the converged data center, cloud and security.
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