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Dell in talks to buy data storage company EMC

October 8, 2015

Via: itCurated
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Dell Inc, the world’s third largest personal computer maker, is in talks to buy data storage company EMC Corp, 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.

The terms being discussed were not known, but if the deal goes through it would top Avago Technologies’ $37 billion offer for Broadcom. EMC has a market value of about $50 billion.