Dell Inc. is offering about $33 a share to acquire EMC Corp., a person with knowledge of the matter said, in a deal that would create a corporate-computing
Sourced through Scoop.it from: www.themarketbusiness.com
Dell is offering about $33 / share to acquire EMC Corp., a person with knowledge of the matter said, in a deal that would create a corporate-computing colossus and help both companies cope with a demand slowdown. A deal may be announced as soon as Monday, the person said. Dell is speaking to banks about raising at least $40 billion to finance the purchase, a person with knowledge of the matter has said. A deal would bring together the largest storage maker and the No. 2 server company as the industry undergoes rapid change with the shift to mobile and cloud computing. Dell, which was taken private for about $25 billion in 2013, will use the combination to expand its product lineup in high-end data storage equipment and seek to lure customers away from Hewlett-Packard Co. and other rivals. VMware, which makes tools that help servers run software more efficiently, is valued at $32.3 billion, while EMC has a market capitalization of $53.6 billion.