Dell acquires EMC in newest deal
Two computing businesses are now under the same roof after a new technology merger. In a deal it called "historic," Dell formally announced the latest news in a press release, which not only explained the transition but also announced the split branding that will support it: Dell Technologies and Dell EMC. The leading positions both companies already have in computing supports their claim to a significant new acquisition.
Together, the statement said, Dell and EMC will be able to address businesses of all sizes, building on their previous successes. Dell reportedly caters to many high-level clients while EMC holds a strong position in relevant technology. The CEO of the newly dubbed Dell Technologies, Michael Dell, promoted the company as prepared for the trends of the future.
"We are at the dawn of the next industrial revolution," Dell said. "Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things, paving the way for our customers to do incredible things. This is why we created Dell Technologies."
Dell Technologies will have $74 billion in revenue, and the Wall Street Journal reported that the acquisition took Dell almost a year and $60 billion before closing. This may have been because of how complex both companies were, and the amount of assets and other companies involved. The merger included $24.05 in cash per share for EMC shareholders.
As this deal gains media attention, Dell has also celebrated new product launches. Digital Trends specifically reported on a pair of new color monitors for different purposes. The source said that the Dell UltraSharp 30 monitor with PremierColor was meant for color-heavy applications. The Dell UltraSharp 34, in contrast, focuses on user immersion.