Dell Completes $60 Billion Merger with EMC
Dell completed its merger with EMC Corporation today. The new merged company pushes Dell farther on its trajectory away from its roots as a computer maker in Round Rock.
Michael Dell is one of the architects of the $60 billion acquisition – the largest deal in tech industry history. He is now the CEO the newly-named Dell Technologies. Dell's core computer business, the company we've known for years, will be based in Round Rock. It's new combined data center business, Dell EMC, will be based in EMC's Hopkinton, Mass. offices.
Dell Chief Financial Officer Tom Sweet projected annual revenue for Dell Technologies to be about $74 billion, making it the third largest private companies in the U.S. according to Forbes, behind Cargill and Koch Industries.
Technology expert Rob Enderle, who used to work on acquisitions at IBM, says this is a rare deal where Dell is the smaller company buying a bigger one. But the size of EMC and Dell’s enterprise plans going forward means the center of Dell’s universe may no longer be in Round Rock.
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