Dell announced it will acquire EMC for $67 billion in cash and stock, in an aim to diversify its markets. EMC is responsible for virtualization software VMware and enterprise cloud software Pivotal.
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It may end up being one of the largest tech-industry mergers in history and a big change in direction for Dell if it and enterprise vendor EMC can reach an agreement for a full or partial merger.
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Iomega, a supplier of portable computer storage media best known for its "Zip" and "Jaz" drives, announced today that it had reached an agreement with EMC Corporation over a cash tender acquisition offer of $3.85...