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October 12, 2015 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/LaGnPWOyfqk/dell-to-buy-emc-for-67-billion
Dell To Buy EMC For $67 Billion
im_thatoneguy writes: After days of rumors, the NY Times is reporting that Dell will in fact be acquiring storage company (and VMWare parent) EMC in a record $67B deal being financed by a consortium of banks. Dell has confirmed the deal on their website. Under the deal, Dell will pay $33.15 a share, which represents a premium even on top of EMC's current value, which had already jumped on initials rumors of a $50B acquisition last week. However, insiders say the deal won't be a straight forward cash buy-out of stock holders. Instead, EMC investors will receive about 70% in cash and the remainder in what's called a Tracking Stock, which will track the performance of just the VMWare Division within the new organization.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/LaGnPWOyfqk/dell-to-buy-emc-for-67-billion
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