EMC and Dell in talks regarding possible merger

Business, Finance | Fri 9 Oct | Author – Business & Finance

Two of Ireland’s largest employers are in merger talks, it has been reported.

Computer giant Dell is reported to be in talks to combine with computer data storage company EMC in a takeover offer worth $50bn.

As part of the transaction, Dell would acquire EMC’s controlling stake in VMware, said two of the people.

The deal would involve taking EMC private, while leaving VMware’s shares publicly traded, they said. Dell may sell off some of EMC’s VMware shares in order to raise money, said one of the people.

Dell, EMC and VMware employ more than 6,000 people in Ireland. EMC employs over 3,000, while Dell employs over 2,300 in Dublin, Cork and Limerick.

Whether Dell can pull off the deal remains to be seen.

Dell Ireland has also announced that it will continue as the lead partner with the Irish Cancer Society on its flagship Daffodil Day fundraiser in 2016, which will take place on March 11th.

2016 will be the final year of the lead partnership, and Dell and the Irish Cancer Society are determined to make it most ambitious campaign to date.

Denis Lucey, vice president, Dell Support and Deployment Services, said: “Dell Powering the Possible is Dell’s commitment to put technology and expertise to work where it can do the most good for people and the planet. It’s a commitment the team in Ireland has fully adopted, volunteering more than 27,000 hours for good causes in 2014.”

Photo: EMC Corporation