Dell Completes Largest Tech Deal Ever by PitchBook
Silver Lake-backed Dell has closed its $60 billion take-private acquisition of EMC (NYSE: EMC)—the largest and perhaps most complicated technology merger in history—to create a stable of assets worth a collective $74 billion that will operate under the name Dell Technologies.
Those assets include SecureWorks, Virtustream and VMware and range across a diverse set of specialties, including hybrid cloud computing, software-defined data centers, data analytics, converged infrastructure and cybersecurity.
As part of the deal, EMC shareholders received $24.05 per share in cash in addition to new tracking stock for Dell Technologies (NYSE: DVMT) linked to a portion of EMC’s interest in VMware.
