Largest acquisition in the history of technology becomes official – Digital Look

Last year, Dell announced the purchase of EMC company, producer of data storage systems, for a total of $ 67 billion. The value of the acquisition has made the largest ever in the technology market. Today, as announced by the companies, marks the day on which the agreement becomes official after overcoming all regulatory hurdles.

According to TechCrunch, the main obstacle to the closing of the deal were the authorities Chinese regulators. China’s Trade Ministry only released the acquisition last week, removing the last obstacle to formalizing the agreement. From that moment, Dell Technologies, the merged company becomes the largest private company (which does not sell shares) technology in the world.

With this closed stage, the two companies face the challenge integrate. EMC, for example, has 70,000 employees. It also controls, among other companies, VMware cloud company and virtualization services. It is believed, however, that the main objective of the merger was to unite the EMC storage industry with the participation of Dell in the device market.

High business

of course, the union of two companies of this size creates also great problems. For example: even according to TechCrunch, the regulatory agencies had questions about how to tax the transaction; the site estimates that the taxes due because of the agreement reach around US $ 40 billion (more than double than the European Commission wants to charge Apple).

The technology market often see a number mergers and acquisitions. Last year, on the occasion of the purchase of EMC Dell announcement, the Look Digital compiled a list of the ten largest acquisitions in the sector. It can be accessed through this link.