Dell to acquire EMC for record-setting $67 billion

By Greg Roumeliotis and Jim Finkle, Reuters

Oct 13, 2015

Computer-maker Dell Inc struck a deal on Monday to buy data storage company EMC Corp for $67 billion, setting a record in the technology industry, as it tries to transform itself into a giant in the fast-growing market for managing and storing corporate data.

The deal should help privately held Dell, the world's No. 3 computer maker, diversify from a stagnant consumer PC market and give it greater scale in the more profitable and faster-growing market for cloud-based data services.

Learn more about the acquisition