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Dell finally Acquires EMC for a Rich Deal of $67 Billion

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Dell puts a closure to entire buzz on EMC’s procurement deal after fresh reports divulge one of the biggest procurement deal of the year, as Dell finally procures EMC for the big cake of $67 billion.

The offer put to EMC by Dell is $33.15 per share, with the remainder in securities equating to the value of EMC-controlled VMware, which will remain a listed company.

The deal will benefit Dell by helping to raise its profile in data centers, as EMC holds nearly twice the shares Dell has in the storage market. It also now makes Dell one of the largest providers of enterprise computing products and services.

While it’s a successful result for Dell, it seems to be a move in the opposite direction of its counterparts, Hewlett Packard, which has chosen to break up its business rather than make it larger.

In addition, Dell has reportedly been hit hard by the sagging PC market, threatening its PC manufacturing business.

For its part, EMC has fallen on some hard times. Free software like Hadoop, which can be run on commodity servers, has seriously impacted EMC’s storage and data processing businesses, since it removes the need for customers to buy often-pricey software and hardware products.

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