Dell to purchase storage provider EMC
Q. Dell is currently poised for the biggest takeover in the tech industry through purchase of counterpart _____.- Published on 13 Oct 15a. AMC
b. FMC
c. EMC
d. DMC
ANSWER: EMC
Dell, the company founded by Michael S. Dell is looking to adapt to a quick changing tech industry and is in the process of acquiring storage provider EMC keeping this in mind. This deal has been valued at USD 65 billion and Dell along with its financial backer Investment firm Silver Lake has held that the acquisition will assist it in keeping up with the competition. Purchasing EMC will provide Dell with one of the leading names in computer data storage along with existing offerings such as mobile devices, corporate software and network servers. Dell will pay close to USD 33.15 per share in a transaction involving cash and special kind of stock. Currently, VMware holds an 81% stake in EMC and the company has a market value pegged at USD 33 billion valuing EMC’s stake at USD 27 billion.
