Dell Reported to Announce $50 Billion 'Biggest Deal in Tech' Later Today
According to several reports, the ‘largest-ever technology merger’ is set to be announced later today — and it’s between Dell and storage technology firm EMC, in a deal said to be worth over $50 billion.
Both Bloomberg and Reuters report that Dell is expected to announce the takeover some time Monday. It’s said that the deal has been incredibly secretive, with few of the top executives at Dell — which is privately held — being consulted or even informed of the plans. Instead, talks have been carried out between between the CEOs Michael Dell and Joe Tucci at EMC, according to Re/code.
The specifics of the deal remain unclear, and Re/code suggests that “the secretive nature of the talks hints at the fact that numerous terms had not been finalized as of late Sunday night.” The site also suggests that the deal may include a clause allowing EMC to identify other, higher offers — though it’s unclear who would be willing to stump up more than $50 billion.
EMC specializes in digital storage, and also owns the cloud software firm VMware. Combined with Dell’s hardware, Bloomberg points out, the merger could “create one of the biggest providers of enterprise computing products.” Perhaps not the most exciting deal in tech, but potentially one that will have an awfully big impact.
Image by Isriya Paireepairit under Creative Commons license.
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ShevabergJamie Condliffe10/12/15 3:31amBit will this actualy make dell relevant again. Or will it be another hp cluster fuck mergerReply
svelasquez123Shevaberg10/12/15 3:52am50B is a big number. EMC spent the last decade cannibalizing the storage and enterprise software industry and is now facing declining profits. I think the outcome depends on how many EMC execs survive any merger.Reply
TheLittlestTrollShevaberg10/12/15 4:16amDell has always been relevant. While you might not own one yourself, go into any place of business and you will most likely see Dells where computers are needed.Reply
Ian DavidsonTheLittlestTroll10/12/15 4:22amAgreed. Most people have little idea how many of the world’s social media sites and cloud based services are powered on Dell infrastructure. The chances are most of the data pushed to someone’s shiny Apple or Samsung devices is coming off a Dell powered cloud infrastructure. Just because people aren’t clutching a Dell device in their hand, their relevance is huge.Reply
Joseph DiCarloTheLittlestTroll10/12/15 4:25amI can confirm this. Part of what I do for a living is PC refreshes for corporate environments and it’s been Dell all the way down as far as computers are concerned for quite a while. Hell when I was in high school it was (and still is) that way, even all the area hospitals use Dell, with custom company paint/art to boot.Reply
- IlikefactsJamie Condliffe10/12/15 5:47amIt’s been a long time since we have had such big news in the IT industry. Certainly this will be what most of the conversations at the office will be about this weak.Reply
WebOSlivesJamie Condliffe10/12/15 4:58amOnce again HP misses the boat...Reply
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