Dell Acquires data storage company EMC Corporation for $67 billion

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Computer technology giant Dell and private-equity firm Silver Lake on Monday acquired data storage provider EMC for roughly $67 billion, a $33.15-per-share deal that represents the largest in technology industry history. According to the press release, the deal looks like this: Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business. The deal’s $33.15 per-share cost represents a 28% premium above EMC’s closing price on Oct. 7, when the…

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