In October last year, Dell brewed one of the largest mergers and acquisitions in the history of technology - $ 60 billion acquisition of EMC, after nearly a year, this acquisition has finally settled.
Dell has announced that the company has completed a $60 billion acquisition of EMC's merger and acquisition agreement. The merged company name will be changed to Dell Technologies. However, the headquarters will be located at EMC's Hopkinton, Massachusetts, and the business will focus on Will be changed to cloud services and storage.
Dell’s Chairman of the Board, Michael Dell, stated that as the enterprise computing market shifts to new technologies and cloud services, the traditional server and storage hardware markets will restructure.
Dell is the world's third-largest PC maker, but the PC market performance has been sluggish for two years, and shipments have continued to decline; and EMC, as a traditional enterprise-class computing and storage service provider, is also being impacted by cloud computing vendors. . It is also reasonable for both teams to keep warm. The industry believes that Dell and EMC can further merge server and storage after they merge.
In the long 11 months, Dell's acquisition of EMC has not progressed smoothly. Sixty billion U.S. dollars is not a small number for any company. Dell has to obtain the funds to acquire EMC by issuing bonds. It has a bottomless hole; in order to pay back huge debts, Dell paid 3 billion U.S. dollars in March this year. Sold its IT service department to telecom giant NTT...
Founded in 1979, EMC is a U.S. information storage information technology company that provides cloud computing, big data, security IT solutions and other services for enterprise users. It has a large number of subsidiaries, including network security company RSA Security LLC, software Development company Pivotal Software Inc., cloud software company Virtustream and virtual machine software company VMware. Among them, VMware has also grown into a company with a market value of more than 30 billion U.S. dollars. Last year, industry insiders analyzed that the ultimate goal of Dell's acquisition of EMC is actually to control VMware.
According to the merger agreement between Dell and EMC, VMware will continue to maintain the operation of an independent listed company.
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