October 8, 2015

Dell in Talks to Buy Data Storage Company EMC

Dell Inc, the world's third largest personal computer maker, is in talks to buy data storage company EMC Corp (EMC.N), a person familiar with the matter said, in what could be one of the biggest technology deals ever.

A deal could be an option for EMC, under pressure from activist investor Elliott Management Corp to spin off majority-owned VMware Inc (VMW.N). The terms being discussed were not known, but if the deal goes through it would top Avago Technologies' (AVGO.O) $37 billion offer for Broadcom (BRCM.O). EMC has a market value of about $50 billion.

Read more at Reuters

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