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Dell EMC (EMC Corporation until 2016) is an American multinational corporation headquartered in Hopkinton, Massachusetts, [2] and Round Rock, Texas, United States. Dell EMC sells data storage , information security , virtualization , analytics, cloud computing and other products and services that enable organizations to store, manage, protect ...
On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of $45.9 billion in debt and $4.4 billion common stock. [2] [11] The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt. [2]
Michael Dell said of the February offer "I believe this transaction will open an exciting new chapter for Dell, our customers and team members". [88] Dell rival Lenovo responded to the buyout, saying, "the financial actions of some of our traditional competitors will not substantially change our outlook." [88]
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