There were a number of rumors last week that Dell were looking to buy EMC and now Dell has announced that it plans to buy EMC in a deal worth $67 billion.
The $67 billion deal will see EMC shareholders recieve around $33.15 per share in a combination of cash and stock.
“The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment. Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security,” said Mr. Dell. “Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes. I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners.”
You can find out more details about the deal between Dell and EMC at the link below.