Dell is all set to announce the biggest tech deal in history: the $53 billion acquisition of EMC.
The American PC giant is reportedly set to acquire digital storage company EMC for around £34.5 billion, and is expected to make an announcement to that effect some time today.
According to Recode, the talks surrounding this deal have been so secretive, even top Dell executives are in the dark. Apparently, the deal was hashed out between Michael Dell and Joe Tucci, the CEOs of Dell and EMC respectively.
The secretive nature of these talks suggests that not all of the terms for the deal have been set as yet – or at least, they hadn’t as of late Sunday night.
According to Reuters, one of the conditions of the deal is that EMC can shop around for a better offer. However, the chances of a rival offer from the likes of IBM, Cisco Systems, or Hewlett-Packard are thought to be slim.
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In addition to specialising in digital storage, EMC owns cloud software company VMware.
A freshly merged Dell-EMC, then, would create one of the biggest forces in enterprise (aka business) computing. As Bloomberg points out, the acquisition would allow Dell to expand its business server operation to incorporate high-end data storage equipment, boosting the ‘end-to-end’ service it can offer to companies.
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