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Dell agrees $67bn EMC takeover

2015-10-12 13:35:57| BBC News | Business | UK Edition

US computer giant Dell agrees a deal to buy data storage company EMC for $67bn.

Dell seen making USD 53 bln bid for EMC this week - report

2015-10-12 09:46:00| Telecompaper Headlines

(Telecompaper) Dell is now expected to make its over USD 53 billion offer for data storage maker EMC on 12 or 13 October, Reuters reported, citing people familiar with the matter. EMC has agreed to an offer worth USD 33 a share, including USD 27 in cash, for EMC shares with the rest in new securities tied to the value of VMware, the data centre software maker that EMC controls. As part of the deal, EMC will have up to 60 days to seek a better offer from other potential suitors, said people briefed about the transaction. EMC asked for a 'go-shop' provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company. The sources added that the clause was EMC CEO Joseph Tucci's way of exhausting all arguments to convince the company's shareholders that a deal with Dell is the best possible outcome for them. The negotiations between Dell and EMC, as well as talks with banks about securing the necessary debt financing, continued on 11 October, and the two sides hope to unveil an agreement on 12 or 13 October.

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ET deals: Dell Inspiron 15 7000 series quad-core gaming laptop for $849

2015-10-09 16:01:55| Extremetech

If you're looking for a reasonably priced gaming laptop that can still handle the major new releases, take a look at the 15.6-inch Inspiron 15 7000 series from Dell. With a brand new quad-core Skylake processor, a graphics card with some real horsepower, and a solid state hybrid drive, this laptop can hold its own at any LAN party. And at a $250.99 discount, the value proposition here is outstanding.

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Dell in talks for USD 40 bln to finance EMC deal - report

2015-10-09 10:29:00| Telecompaper Headlines

(Telecompaper) Dell is looking for USD 40 billion in financing for the acquisition of storage company EMC, the Financial Times reported, citing people people familiar the matter. Dell has approached JPMorgan, Bank of America Merrill Lynch, Barclays and Credit Suisse, among other banks. The company is working with Silver Lake, the Silicon Valley private equity company that backed its own USD 25 billion buyout two years ago. Dell hopes to acquire EMC's core storage business along with a majority stake in VMware, the data centre software company that is EMC's most valuable asset. The company owns an 80 percent stake in VMware that is worth some USD 27 billion. Dell is planning to offer more than USD 27 a share for its target, according to the people familiar with its plans. Both companies, as well as the banks and Silver Lake, declined to comment.

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