Dell Announced One Of The Largest Tech Acquisitions Ever

The Logical Indian

October 13th, 2015 / 11:02 AM

Image: twimg

EMC might still be new for many, but it’s a technology giant which provides many of the services we use today.

The company is leading datacenter storage provider for large technology companies which has been acquired by Dell recently.

After acquiring EMC, Dell makes the largest acquisition at $67 billion beating the next-largest in which Avago acquired chipset maker Broadcom for $37 billion in May 2015.

Dell made a offer of  $33.15 per share to EMC, with the remainder in securities which equates to the value of EMC-controlled VMware, latter will continue to  remain a listed company.

This deal will undoubtedly help Dell raise its profile in data centers, as EMC holds nearly twice the shares Dell has in the storage market. Along with this, Dell also becomes one of the largest providers of enterprise computing products and services.

While it brings all cheers for Dell, it seems to be a move not parallel to its competitor, Hewlett Packard, which has chosen to spit its business rather than make it larger.


Contributors

Edited by :

Share your thoughts..

Related Stories

Ex-Tech Mahindra Employee Takes To Twitter To Call-Out Homophobic Boss, Company Sacks Her

New Act Decriminalising Suicide, Humane Treatment For Mental Health Patients Announced By Centre

This B.Tech Student Is Bringing A Positive Change In Primary School Kids By Teaching Them Soft Skills

My Story: My Pregnancy Was A Medical Nightmare. My Doctor Announced That He Could Hear 3 Different Heartbeats

Silent Protest To Stop Farmers Suicide

To Draw Attention Of Govt To The Plight Of Framers, JAC Has Announced Silent Protest On October 23

Sikkim Announced The Cleanest State In Nationwide Rural Cleanliness Survey, UP, Jharkhand Among The Worst Performers

Latest on The Logical Indian

News

The New Academic Session Will Have 10% Quota In All Higher Education Institutions: Govt

News

Two Women Who Entered Sabarimala Temple Move To SC To Seek Protection; Court To Hear Plea Tomorrow

News

Meghalaya Illegal Mining: After 35 Days, 1 Of The 15 Trapped Miners Found Dead

News

#Strike4Hike: Police Detains Around 700 Protesting Research Scholars Demanding Pay Hike

My Social Responsibility

Compassion At Work: This Kolkata Team Is Independently Working To Give Stray Dogs A Healthy Life

Environment

Cities Lying In Coastal Areas Under Threat As Antarctica Melts Six Times Faster Than ’80s Says Report

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.