The bulk of Dell’s offer will be in cash but it also plans to pay EMC shareholders with “tracking stock” that follows the value of the 20 percent of VMware that EMC does not own.
Depending on how the finance negotiations turn out, a final deal could be announced as early as this week.
Dell’s acquisition of EMC would strengthen its presence in the corporate sector, pitching it squarely against Dell’s main rival, Hewlett-Packard.
Dell went private in 2013 in a deal worth US$25 billion, less than half EMC’s current market capitalisation.
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