Australia: Dell finalizes $67 billion EMC acquisition

Dell has finally sealed the biggest tech merger in history. Dell’s record-breaking acquisition of data storage conglomerate EMC costs $67 billion. The merger will be completed in mid-2016.

The deal will put Dell in the center of the cloud storage market. EMC owns cloud and virtualization software company VMware. Software and services from VMware is used by some of the world’s biggest data centers. This includes data centers owned and operated by some of deals biggest rival, not only in the hardware market but in the software market as well.

After the EMC-Dell deal was done, Dell CEO and founder Michael Dell reassured some of its competitors, and now clients, that the partnership with VMware will stay the same.

Mr. Dell told The Australian Financial Review, “One of the first things I did was I called top 15 or so VMware partners, which would include most of my competitors, to explain to them and to reassure them that we’re going to treat VMware very much in the same way that EMC has.”

Full content: Financial Review

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