Dell to Buy EMC for $67 Billion

Dell to Buy EMC for $67 Billion

Dell has announced plans to purchase EMC in a deal worth around $67 billion. If the deal goes through, it will be the biggest merger ever in the technology industry.

EMC is known for its storage technology, and most industry watchers have been focused on the how the deal will affect the hardware offerings for both companies. However, the merger also has implications for developers. EMC owns a significant amount of VMware stock, and both EMC and VMware have a stake in Pivotal, which offers agile software development tools and a cloud development platform.

Under the terms of the acquisition agreement, Michael Dell will be chairman and CEO of the merged company.

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