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