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Tag Archives: Michael Dell

VMware May Buy Dell in Potential ‘Reverse Merger’

Jan. 29–Dell Technologies might be pursuing a reverse merger with VMware, as reported Monday in Yahoo Finance. According to people familiar with the matter, in what might likely be biggest deal in the history of the tech industry. The reverse merger, where VMware’s $60 billion cloud computing and virtualization software company …

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Weekly Roundup September 6-September 9: SAIC Reports Quarterly Earnings, Congress Back In Session, and More

September 6 – September 9 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson With summer official coming to a close and the nation celebrating Labor Day we see the government contracting community returning to their normal schedules. With the federal budget year …

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Dell Closes Merger With EMC, Unveils ‘Dell Technologies’ Brand

Dell and EMC have completed their $67 billion cash-and-stock merger to form enterprise information technology company Dell Technologies (NYSE: DVMT) that is forecast to generate $74 billion in annual revenue. Dell Technologies will run as a privately controlled IT firm and offer clients a portfolio of technology platforms in the areas of hybrid …

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Dell, EMC to Name Future Combined Firm ‘Dell Technologies’

Dell and EMC (NYSE: EMC) have announced their integrated enterprise information technology company will do business as Dell Technologies once the process of their estimated $67 billion merger is complete. “Our vision is a strategically aligned family of businesses that brings together customers’ entire infrastructure, from hardware to software to services, from the edge to the …

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Michael Dell Unveils Leadership Moves in Dell-EMC Combination

Dell and Massachusetts-based data storage vendor EMC (NYSE: EMC) will implement a new senior management structure upon closing of their approximately $67 billion merger. Michael Dell told employees in a memo Tuesday the integrated company will have an executive group that will comprise current CEOs of the VMware, SecureWorks, Pivotal and Virtustream businesses. Jeremy Burton will serve as …

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FTC Approves Dell’s $67B EMC Purchase

The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC). FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday. “Our teams are …

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Dell, EMC Merger to Proceed After ‘Go Shop’ Period Ends

EMC (NYSE: EMC) and Dell are set to continue with their planned merger after the Massachusetts-based data storage company did not receive a “superior” alternative offer during a go-shop process. Dell agreed to acquire EMC in October for about $67 billion in cash and stock to create a combined company that …

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Dell Signs $67B Cash-Stock Deal to Acquire EMC

Dell has agreed to purchase EMC (NYSE: EMC) through an approximately $67 billion cash-and-stock transaction as both companies seek to create a new enterprise-focused information technology business. Michael Dell said Monday the combined company will pursue growth in the hybrid cloud, mobile,  software-based data center, converged infrastructure, security and digital transformation …

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Thomas Sweet to Succeed Brian Gladden as Dell SVP, CFO; Michael Dell Comments

Thomas Sweet, a 16-year corporate finance veteran at Dell, has been appointed to succeed Brian Gladden as senior vice president and chief financial officer. Gladden has served in both SVP and CFO roles for the past five years and will leave the company at the end of February, the computer …

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Michael Dell, Silver Lake Wrap Up $25B Buyout of Dell

Michael Dell and global technology investment firm Silver Lake Partners have completed their $24.9 billion acquisition of the company he founded and have started the processing of delisting the company from the NASDAQ stock market. Trading of Dell‘s (NASDAQ: DELL) common stock will cease Tuesday afternoon, more than one month after the company’s …

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