Dell to acquire EMC
In what is called the largest-ever tech deal, Dell Inc. and EMC Corporation announce that they have signed a definitive agreement whereby Dell, together with its owners, Michael S. Dell, founder, chairman and chief executive officer of Dell, MSD Partners and Silver Lake will acquire EMC Corporation, while maintaining VMware as a publicly traded company.
The companies report the transaction will unite Dell’s strength with small business and mid-market customers with EMC’s strength with large enterprises to fuel profitable growth and generate significant cash flows. The combined company will consist of strategically aligned businesses and incubated high-growth assets, fostering innovation, enabling customer choice and attracting and retaining top talent .
The combination of Dell and EMC will create the world’s largest privately-controlled, integrated technology company.
Acquisition extends OpenText's position in content services, information archives, key verticals, and the cloud