Dell Buys IT Company EMC In Largest Tech Acquisition Ever
Dell is buying EMC Corp. The deal, valued at $67 billion, is double the record $33.4 billion Compaq-HP deal in 2001.By Leah Becerra | October 12, 2015
Dell, one of the grandpa firms of the tech industry, is going to buy EMC, another former tech giant that initially made its name as a storage provider. (Video via Dell)
The sale is being called the largest tech deal of all time thanks to EMC's $67 billion price tag.
So what is EMC, and why does it cost so much? Well, EMC isn't really one of those brand names you see sitting on a shelf at Best Buy because its clients tend to be of the corporate variety.