It is the largest acquisition of all time. Dell paid $67 billion to buy EMC.
You may not have heard of EMC, but it's a datacenter technology behemoth that powers many of the services you use today. The company provides datacenter storage for major technology companies.
The $67 billion is the largest technology buyout ever, eclipsing the one immediately below when Avago acquired chipset maker Broadcom for $37 billion in May 2015.
The deal will benefit Dell, helping to increase its visibility in data centers. It also now makes Dell one of the largest providers of not only products but also IT services.
And this successful move by Dell seems to be in diametric opposition to its rivals, such as Hewlett Packard, which chose to divide its business into smaller pieces instead of growing it.
