Dell announces purchase of EMC, the largest operation in the technology sector

Dell announces purchase of EMC, the largest operation in the technology sector

The technology firm EFEFUTURO.- Dell announced the acquisition of storage company EMC data in an operation valued at 67,000 million dollars, the largest in the technology sector.

The two companies announced in a statement that buying Dell also participate along with the firm’s founder, Michael S. Dell, and the investment firm Silver Lake in the technology sector.

Through this operation, EMC shareholders will receive $ 24.05 in cash per share and an additional compensation for the value of securities of subsidiary VMware, controlled by EMC.

EMC owns 80% stake in VMware, a company that will continue to operate as a separate entity.

In total, according to the statement, the combined total of EMC shareholders will receive will be $ 33.15 per share, up 28% from the value at which traded securities firm data storage last Friday.

“The combination of Dell and EMC will create the largest and most integrated technology company,” said the statement, with a market that includes computer servers, storage and computer equipment, among other sectors.

Michael S. Dell will become president and CEO of the combined company to be formed from this operation, which will be based in Hopkinton in Massachusetts (USA)

“We are creating a company with incredible power,” said Michael S. Dell told the CNBC financial channel.

It expects the transaction to be closed between May and October next year.

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