Emc Corp

Dell is seeking new avenues for growth following its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016.

Dell Technologies will cut 2,000 to 3,000 jobs after acquiring EMC Corp. in the largest technology acquisition ever, according to people familiar with the company's plans.

Dell Inc on Wednesday said it completed its $67-billion deal to acquire EMC Corp, creating the world's largest privately-controlled technology company.

Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc's software division for more than $2 billion, three people familiar with the matter said.

Japan's NTT Data Corp said on Monday it has agreed to buy Dell Inc's information technology consulting division for over dollar 3 billion to expand in North America and bolster its services business.

Global data storage major EMC plans layoffs ahead of its acquisition by Dell. The data storage company plans to cut annual costs by $850 million. The restructuring plan was approved last week, according to a regulatory filing.

Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter.

EMC Corp said it would pay Dell Inc up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".

Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise tech powerhouse.

EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc as early as Monday, is also planning to seek out other suitors, according to people familiar with the matter.

VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.

Dell Inc is in talks with banks to fund a takeover of data storage company EMC Corp, sources familiar with the matter said, as the world's No.3 PC maker looks to beef up its cloud-based offerings for corporate customers.

Dell Inc is in talks to buy EMC Corp and is also talking with banks to finance an all-cash offer for the data storage company, a person familiar with the matter told Reuters on condition of anonymity because the negotiations are confidential.

Wall Street slipped on Wednesday, but the S&P 500 and Dow industrials held near record highs as weak earnings from blue-chips Caterpillar and AT&T outweighed Apple's stronger-than-expected results.

Blackstone Group will visit Dell Inc's headquarters on Monday to begin an in-depth analysis of the company, sources said, a strong sign the buyout firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid.

Dell is seeking new avenues for growth following its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016.

Dell Technologies will cut 2,000 to 3,000 jobs after acquiring EMC Corp. in the largest technology acquisition ever, according to people familiar with the company's plans.

Dell Inc on Wednesday said it completed its $67-billion deal to acquire EMC Corp, creating the world's largest privately-controlled technology company.

Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc's software division for more than $2 billion, three people familiar with the matter said.

Japan's NTT Data Corp said on Monday it has agreed to buy Dell Inc's information technology consulting division for over dollar 3 billion to expand in North America and bolster its services business.

Global data storage major EMC plans layoffs ahead of its acquisition by Dell. The data storage company plans to cut annual costs by $850 million. The restructuring plan was approved last week, according to a regulatory filing.

Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter.

EMC Corp said it would pay Dell Inc up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".

Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise tech powerhouse.

EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc as early as Monday, is also planning to seek out other suitors, according to people familiar with the matter.

VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.

Dell Inc is in talks with banks to fund a takeover of data storage company EMC Corp, sources familiar with the matter said, as the world's No.3 PC maker looks to beef up its cloud-based offerings for corporate customers.

Dell Inc is in talks to buy EMC Corp and is also talking with banks to finance an all-cash offer for the data storage company, a person familiar with the matter told Reuters on condition of anonymity because the negotiations are confidential.

Wall Street slipped on Wednesday, but the S&P 500 and Dow industrials held near record highs as weak earnings from blue-chips Caterpillar and AT&T outweighed Apple's stronger-than-expected results.

Blackstone Group will visit Dell Inc's headquarters on Monday to begin an in-depth analysis of the company, sources said, a strong sign the buyout firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid.