Dell just announced the largest tech acquisition ever: EMC for $67 billion

Dell just announced the largest tech acquisition ever: EMC for $67 billion

You might not have heard of EMC, but it’s a technology behemoth that runs many of the services you use today.

The company provides datacenter storage for large technology companies — and today, it’s been acquired by Dell.

It’s the largest technology acquisition ever, coming in at $67 billion and eclipsing the next-largest in which Avago acquired chipset maker Broadcom for $37 billion in May 2015.

The offer put to EMC by Dell is $33.15 per share, with the remainder in securities equating to the value of EMC-controlled VMware, which will remain a listed company.

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