A PYMNTS Company

Australia: Dell finalizes $67 billion EMC acquisition

By  |  October 27, 2015

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.