Natalie Parkinson
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Natalie Parkinson in Mergers & Acquisitions,

Dell to buy EMC for $67 billion

Dell Inc. and private-equity firm Silver Lake will buy EMC Corp. for roughly $67 billion in cash and stock, marking one of the largest technology-industry takeovers ever.

The $33.15 a share price tag represents a 19% premium over Friday’s closing price for EMC.

VMware in which EMC owns about 80%, will remain a publicly traded company. EMC holders will receive $24.05 a share in cash and in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business.

Now IT industry has a large and strong player. What will happen with HP and Cisco Systems? How do you think?