The Biggest Transaction In the IT History

Dell And EMC

Technology company Dell agreed to buy a company specializing in data storage EMC for about $67 billion. This will be the the biggest transaction in the technology sector. Data storage and IT giant EMC, with this transaction will be merged to Dell, which occupies second place in the sector of servers, reports Bloomberg. Michael Dell will be the director and president of this new combined company, and it is expected that the agreement will be concluded by the end of next year.

Dell And EMC
Dell And EMC

Dell plans to pay $24.05  per share plus shares in EMC’s company VMware, which are worth about nine dollars.
Thus, shares of EMC are valued at $33.15, which is 19 percent above the value they had on Friday at the closing of the stock exchange.
VMware, which specializes in “cloud” computing, previously a subsidiary of EMC, will remain an independent company.
Since 2013, when it became a private company that is not on the stock exchange Dell began investing in research and development in software and services.

Dell And EMC
Dell And EMC

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.


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