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Michael S. Dell

Dell buying EMC in a transaction valued at about $67 billion

Dell buying EMC in a transaction valued at about $67 billion

Dell is buying data storage company EMC in a deal valued at approximately $67 billion.

Shareholders of EMC Corp. will receive about $33.15 per share, which includes cash plus tracking stock linked to part of EMC's economic interest in the VMware business. That's a 19% premium to EMC's Friday closing price of $27.86.

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Cloud computing company VMware Inc., a subsidiary of EMC, will stay an independent, publicly traded company.

Since going private in 2013, Dell Inc. has...

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