Dell to Buy EMC in Deal Worth About $67 Billion

DAMN! That's a hell of a lot of cash!

Dell Inc. agreed to buy EMC Corp. for about $67 billion in the largest technology acquisition ever as Michael Dell looks to leverage EMC’s dominance in storage devices amid intensifying competition.

The computer maker plans to pay $24.05 a share in cash plus tracking stock in EMC’s prize holding, software maker VMware Inc., valued at about $9 for each EMC share. EMC’s stock was little changed at 10:38 a.m. in New York. Dell will add almost $50 billion to its debt load to complete the purchase, a person familiar with the matter said, on top of the $11 billion it already is carrying. 

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