You are using the site on a browser we no longer support. The website may be broken in some areas and some functionality will be disabled. Please look to upgrade your browser to the latest version of Mozilla Firefox, Google Chrome or Microsoft Edge.



Please fill in the form below to be redirected to a download page.

BigChange uses cookies to ensure that we deliver the best experience. You can read about how and why we use cookies in our Privacy Policy

Essential cookies are cookies that ensure the proper functioning of the Website (e.g. cookies for login or registration, language preferences). Cookies can also be used for additional statistical and science-based activities.

Performance cookies are cookies that can be set for non-critical marketing activities, further enhance user experience, improve website performance and are used to help us improve our site.

Non-essential cookies are used for additional marketing activities.

Post Featured Image

CEO’s Blog – It was a pleasure to meet Michael Dell and Joe Tucci before Dell agreed deal to buy data storage company EMC for $67bn

12 October 2015

Home > Chairman's Blog

> CEO’s Blog – It was a pleasure to meet Michael Dell and Joe Tucci before Dell agreed deal to buy data storage company EMC for $67bn

US computer giant Dell has agreed a deal to buy data storage company EMC for $67bn (£44bn).

EMC shareholders will receive $33.15 per share, $24.05 of which will be in cash.

If approved by regulators, the deal would be the biggest in history between two technology companies.

Falling demand for PCs means Dell is looking to expand into more lucrative businesses, and it has identified data storage as a key growth area.

“Our new company will be exceptionally well-positioned for growth in the most strategic areas of next-generation IT ,” said Dell boss Michael Dell.

EMC boss Joe Tucci said: “The waves of change we now see in our industry are unprecedented and, to navigate this change, we must create a new company for a new era”.

Mr Dell will be chairman and chief executive of the combined group that, Dell said, would be the world’s “largest privately-controlled, integrated technology company”.

‘Stunning coup’

The exact cost of the deal will depend on the value of shares in VMware, the software company controlled by EMC. VMware will remain an independent, listed company.

The price per share agreed represents a 20% premium on Friday’s EMC closing share price of $27.86. EMC shares were up about 4% in pre-market trading on Monday.

The deal is expected to close some time between May and October 2016.

Analysts suggested the deal was a brave move by Dell.

“Dell wants to become the old IBM Corp, a one-stop shop for corporate clients,” said Erik Gordon from the University of Michigan’s Ross School of Business.

“That model fell apart a couple of decades ago. Reviving it would be a stunning coup for Dell.”

Martin Port Signature
Martin Port
Founder & CEO

12th October 2015



Please enter your details below and a member of our team will be in touch.