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Dell, EMC complete largest tech deal, look to invest

The combination creates a $74 billion business that serves 98 per cent of Fortune 500 companies

Bloomberg 

Dell Technologies wrapped up the acquisition of EMC in the largest technology deal in history, positioning the company to use its size to invest in new areas and fend off competition from the cloud and other rivals. The combination creates a $74 billion business that serves 98 per cent of Fortune 500 companies, Dell said in a statement Wednesday. It also takes EMC out of the glare of the public markets as the company is privately controlled. The tie-up, valued at about $67 billion when it was first announced almost a year ago, brings together the leading provider of key storage products and ...

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First Published: Thu, September 08 2016. 00:03 IST
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