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Dell Inc News
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The announcement sparked a wave of reactions on social media including LinkedIn and Reddit.
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US computer maker Dell said Wednesday it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services.
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Elliott Management Corp`s deal to acquire Dell Inc`s software assets shows how the U.S. hedge fund and prominent activist investor is stepping up its private equity practice, and positioning itself for more takeovers in the tech sector.
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In one of the mega acquisitions in the global IT space, PC maker Dell Inc will acquire EMC Corporation for about USD 67 billion to create the "world's largest privately-controlled, integrated technology company".
The top three global PC makers would be able to raise market share in the next few years through consolidation amid shrinking sales of personal computers, Dell Inc Chief Executive Michael Dell said on Monday.
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