Dell in talks to buy data storage company
Dell Inc, the world's third largest personal computer maker, is in talks to buy data storage company EMC Corp, a person familiar with the matter said, in what could be one of the biggest technology deals ever.
A deal could be an option for EMC, under pressure from activist investor Elliott Management Corp to spin off majority-owned VMware Inc.
The terms being discussed were not known, but if the deal goes through it would top Avago Technologies' $37 billion offer for Broadcom. EMC has a market value of about $50 billion. Dell is also in talks with banks to finance an all-cash offer for EMC, the person told Reuters on condition of anonymity as the talks were confidential.
Dell spokesman David Flink and EMC spokesman Dave Farmer declined to comment.
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