PC maker Dell is going to acquire cloud data storage EMC Corporation for about $67 billion in cash-and-stock deal. It is the biggest deal in tech industry.
As per the terms and conditions in agreement EMC shareholders will receive $24.05 per share in cash from Dell.
As per the terms and conditions in agreement EMC shareholders will receive $24.05 per share in cash from Dell.
- Currently Dell is a stagnant player in the PC market but this deal will not only diversify its present market but also enables it to match pace with cloud-based data services, the fastest growing market.
- Dell headquarter – Texas US
- Dell Chairman, CEO and Founder – Michael Dell
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