EMC CEO Joe Tucci (left) shakes hands with Dell CEO and founder Michael Dell (right)
The world is still reeling from the news that Dell is planning to acquire EMC for $67 Billion - the biggest pure-technology merger of all time, and one of the biggest tech deals ever.
What makes this deal even more interesting is that Dell, with a valuation of around $25 billion, was by far the smaller fish at approximately half the size of EMC
The two combined companies will make the Dell and EMC the world’s largest privately controlled, integrated technology company, according to a statement released by EMC.
As expected, Dell will lead the newly formed organization and long-time EMC CEO Joe Tucci will retire.For EMC, it gives Tucci a way to retire on a high note after more than 15 years as the company’s leader, leaving shareholders with the maximum value they could have possibly hoped for
The deal is expected to close in mid-2016 and is of course subject to regulatory approval
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