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Dell buys storage provider EMC

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By Euronews
Dell buys storage provider EMC

Dell has agreed the biggest takeover in technology history by buying the storage company EMC.

The deal, worth nearly 60 billion euros, should help the transformation of Dell from the world’s one-time largest PC manufacturer into an IT services giant.

EMC is the world’s largest seller of data storage systems.

The move should open up a range of new services for Dell, which has suffered from the slump in the PC market with sales down more than a quarter on their peak.

The takeover is ambitious as it’ll require a large amount of debt.

It’ll make Dell bigger at a time when many of its rivals are splitting their operations into component parts.