22. January 2018 NEW YORK46°F

Dell in Talks to Buy EMC Corp

As per the latest reports, the world’s third largest PC maker, Dell Inc, is working on a deal to purchase the data storage bigwig EMC Corp. However, it’s not confirmed if Dell will be purchasing few stakes in the Massachusetts-based company or will go for a full merger. If everything works well, then this deal will be one of the biggest technology deals.

As revealed by Reuters, Dell is currently under a discussion with the banks to fund the all-cash offer for EMC. The negotiations between the two tech biggies have been kept confidential.

If the deal is signed, then Dell would not only have a strong corporate presence, but will turn into a computing service provider just like its competitors including IBM and Hewlett-Packard Co.

Reportedly, Elliott Management has given EMC a month time to respond as their agreement has expired. The latest market value of the EMC Corp evaluated on Wednesday is $50 billion. The Wall Street Journal has last year reported about EMC’s talks with Dell and HP regarding this.

No confirmation has so far been received from EMC spokesman Dave Farmer and Dell spokesman
David Flink. The merger plans have been intended after 2013 when Dell no more a part of the listing in the public market.

Anupreet Kaur

Journalist by profession, writing is what I enjoy. Listening to music, reading and writing are my hobbies.

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

GoodTime Nation is an emerging leader in Online Media from Bangalore. At GoodTime Nation, there are 10+ journalists who are contributing their valuable content around Local, World, Business, Technology, Science, Entertainment & Sports. We cover detailed news stories about people and companies from different industry matching the mentioned categories.