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Michael S. Dell

Dell buying EMC in transformational $67 billion deal

Dell buying EMC in transformational $67 billion deal

Dell is buying data storage company EMC in a deal valued at approximately $67 billion, a move that will transform the PC company into a major player in the data storage market.

The acquisition shifts the focus at Dell, once a pioneer in the personal computer business, away from hardware like PCs to the more profitable areas of storage and other business services.

And it shows how two mature companies are trying to adapt to the quickly shifting technology landscape.

Since going private in 2013, Dell Inc. has been investing in research and development and expanding its software and services business as those in the technology industry continue to struggle with soft PC...