In tech mega-merger, Dell Computer is buying data storage

Yahoo

IT'S OFFICIAL: Dell just bought EMC in one of the biggest tech mergers ever -       One  of any  world’s  largest   Personal  computer  solutions   will certainly  buy  the  world’s  biggest   data  storage firm.

“The combination of Dell and EMC will create the world’s largest privately controlled, integrated technology company,” Dell founder Michael Dell said in a statement.

“The company will be a leader in the extremely attractive high-growth areas of the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies,” he said. “The transaction combines two of the world’s greatest technology franchises with leadership positions in servers, storage, virtualization and PCs and it brings together strong capabilities in the fastest growing areas of the industry, including digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and security.”

Dell said  The item  EMC shareholders “would  have a   total  combined  account   of  $33.15 per EMC share  plus the   overall   settlement  would  possibly be  valued  in   approximately  $67 billion.”  This   involves  “tracking stock”  throughout  VMware, owned  via  EMC,  of which   can  remain  a great  publicly traded company, Dell said.

“This merger bodes well for the next generation of innovator,” said Matt McIlwain, a managing director at Madrona Venture Group, told Bloomberg. “Legacy tech companies have little alternative than to use financial engineering to keep shareholders happy in an era of fundamental technology disruption.”