According toseveralreports , the ‘ heavy - ever technology unification ’ is place to be harbinger later today — and it ’s between Dell and storage applied science firm EMC , in a deal pronounce to be worth over $ 67 billion . [ UPDATE ]
UPDATE : Dell is buying the storage technology firm EMCfor $ 67 billion . EMC is probably worth a lot more than Dell right now , thanks to having its hands in cloud services , storage , analytics , protection , data virtualization ( that last one ’s VMware ) and — oh yeah — all those enterprise client . But Dell can give the price tag thanks to financing through Silver Lake , which is the same investing firm Michael Dell used to take his company private about two years ago . The sight still has to jump off some regulative hurdle , which intend the openhanded $ 67 billion cost could still interchange .
VMware , a name probably know better than EMC , wo n’t be sold to Dell like the rest of its brethren . Instead , The New York Timeswrites that Dell will only own a bulk post in VMware and the company will stay privately held .
BothBloombergandReutersreport that Dell is ask to announce the putsch some clip Monday . It ’s aver that the raft has been incredibly secretive , with few of the top executives at Dell — which is privately carry — being consult or even informed of the plans . Instead , talks have been carry out between between the CEOsMichael Delland Joe Tucci at EMC , according to Re / code .
The specifics of the deal remain unclear , andRe / code suggeststhat “ the secretive nature of the talking hint at the fact that legion terms had not been finalize as of late Sunday night . ” The internet site also suggests that the deal may include a clause allow EMC to key out other , high offers — though it ’s unclear who would be willing to stamp up more than $ 50 billion .
EMC speciate in digital storage , and also possess the cloud software house VMware . Combined with Dell ’s hardware , Bloomberg points out , the amalgamation could “ create one of the big provider of enterprisingness computing products . ” Perhaps not the most exciting mass in tech , but potentially one that will have an horribly big wallop .
[ Bloomberg , Reuters ]
Image byIsriya Paireepairitunder Creative Commons license .
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