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Dell's Biggest Deal of $50 billion with Storage Technology Firm EMC

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Dell's Biggest Deal of $50 billion with Storage Technology Firm EMC - October 12th, 2015

Dell's Biggest Deal of $50 billion with Storage Technology Firm EMC




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. Well, but the deal has been highly secretive and only top executives and CEOs are involved in it. Mergers are always fruitful and help you to dominate the market, but every good has its own evil. The success ratio has been too steep while merging.

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 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.” Well, if everything goes as planned, then Dell will be making the biggest tech deal of $50 billion and it would be one of the biggest deals.
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