Dell will acquire EMC for $67 billion
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Dell was taken private in 2013 in a $25 billion (16 billion) leveraged buyout by founder Michael Dell and private equity firm Silver Lake. Even before the buyout, it had been increasingly positioning itself as an enterprise-oriented firm, expanding its server, storage, and security offerings in a bid to move away from the slim margins of the PC business. Merging with some or all of EMC would be consistent with this shift.
EMC stockholders are to receive approximately $33.15 per share in a combination of cash as well as tracking stock linked to a portion of EMC's economic interest in the VMware business.
VMware will remain an independent, publicly-traded company.
http://arstechnica.co.uk/information-technology/2015/10/report-dell-in-merger-talks-with-storage-giant-emc/
http://www.dell.com/learn/us/en/uscorp1/secure/2015-10-12-dell-emc-transaction
No word yet on what this means for Dell's existing PowerVault enterprise storage division, created from previously acquired EqualLogic and Compellent.