Deals
EMC Acquisition Gives Michael Dell a Shot at a Second Act
- Dell bets deal will spur innovation and customer service
- Debt and size could constrain ability to take on Amazon
Mega Tech Merger: Dell to Buy EMC for $67 Billion
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For two years, Michael Dell was the technology industry’s invisible man, toiling behind the scenes to remake the computer maker he founded three decades ago in his University of Texas dorm room. Now, with his audacious plan to acquire EMC Corp. -- the largest tech merger in history -- Dell is launching a once-improbable second act.
Having helped finance a $25 billion deal to take an ailing Dell private in 2013, Dell is teaming up with longtime private equity partner Silver Lake -- and taking on considerable corporate debt -- in a $67 billion bet that EMC’s dominance in servers can help him fend off Hewlett-Packard, Amazon and others in the enterprise computing market.