Dell Acquires EMC from $67 Billion
Summary
Dell Inc., together with its owners, Michael S. Dell, founder, chairman and chief executive officer, MSD Partners and Silver Lake, will acquire EMC Corporation, while maintaining its subsidiary – VMware – as a publicly-traded company.Mr. Dell and stockholders will own approximately 70% of the company’s common equity, excluding the tracking stock, similar to their pre-transaction ownership.The combination of Dell and EMC aims to create the world’s largest privately-controlled, integrated technology company, which will be a leader in the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies.The transaction combines leadership positions in servers, storage, virtualization and PCs and it brings together capabilities in digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and security areas.Following the completion of the transaction, Mr. Dell will lead the combined company as chairman and chief executive officer.
Funding
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