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.
Cloud computing company VMware Inc., a subsidiary of EMC, will stay an independent, publicly traded company.
Since going private in 2013, Dell Inc. has...