{"id":42869,"date":"2023-10-20T15:24:23","date_gmt":"2023-10-20T15:24:23","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/largest-tech-takeover-to-be-one-dell-of-a-deal-startupsmart\/"},"modified":"2023-10-20T15:24:23","modified_gmt":"2023-10-20T15:24:23","slug":"largest-tech-takeover-to-be-one-dell-of-a-deal-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/largest-tech-takeover-to-be-one-dell-of-a-deal-startupsmart\/","title":{"rendered":"Largest tech takeover to be one Dell of a deal &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"445\" height=\"352\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2015\/01\/l_cloud-computing-445.jpg\" alt=\"\" title=\"l_cloud-computing-445\"><\/div>\n<p>A computer company started in its founder\u2019s dorm room is set to complete the largest tech takeover ever, as Dell announced it will be acquiring storage provider EMC for $US67 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>The deal was first reported by the <i>Wall Street Journal<\/i> and later confirmed by Dell in a press release, with the acquisition expected to close at some point next year.<\/p>\n<p>&nbsp;<\/p>\n<p>It will create a tech powerhouse with yearly revenue of upwards of $US80 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>Dell was bought out and taken private for $US25 billion in 2013 by its founder Michael Dell and has since taken steps to move away from the PC gaming market and towards servicing enterprise.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe combination of Dell and EMC will create the world\u2019s largest privately-controlled, integrated technology company,\u201d Dell\u2019s press release says.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe transaction will unite Dell\u2019s strength with small business and mid-market customers with EMC\u2019s strength with large enterprises to fuel profitable growth and generate significant cash flows.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>EMC CEO Joe Tucci says it will be a \u201cwinning combination\u201d.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cI\u2019m tremendously proud of everything we\u2019ve built at EMC \u2013 from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers,\u201d Tucci says.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cBut the waves of change we now see in our industry are unprecedented and to navigate this change we must create a new company for a new era.\u201d<\/p>\n<p><i>Want to grow your business<\/i> <a href=\"startupschool\/events\/how-to-use-instagram-to-grow-your-business\/\"><i>with Instagram?<\/i><\/a> <i><\/i><i>StartupSmart School can help.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A computer company started in its founder\u2019s dorm room is set to complete the largest tech takeover ever, as Dell<\/p>\n","protected":false},"author":2,"featured_media":60092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42869"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=42869"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60092"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}