Technology: Dude, You’re Getting a $67 Billion Buyout

Industry Focus

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4.6 • 854 Ratings

🗓️ 17 October 2015

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dell’s $67 billion purchase of EMC stands to be the largest acquisition in tech history, but will we look back in a few years and say it was money well spent?

Transcript

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0:00.0	Dude you're getting a 67 billion dollar buyout offer on this tech edition of
0:04.9	Industry Focus.
0:07.8	Greetings fools I am Sean O'Reilly here at Fool Headquarters in Alexandria, Virginia.
0:15.8	It is Friday, October 16, 2015, and with me today is the Always Stylish Dylan Lewis.
0:20.9	How's it going today, Dylan?
0:21.9	Pretty good. You of course remember the old Dell commercials.
0:25.1	Yes, dude, you're getting a Dell. We were saying they got to bring them back. Do you think they
0:29.3	did, they definitely need to, although he's probably what 40 now yeah
0:32.6	would that be cool call back that actually really would be kids like hanging out yeah
0:36.7	that'd be amazing and then he gives them like a Dell laptop and everything so uh I guess long story short apparently Michael Dell woke up one morning and decided he
0:46.1	needed to write a 67 billion dollar check yeah that's obviously a lot of zeros
0:50.6	but before we dive in what exactly is he buying?
0:54.1	Yeah so this is one of the biggest the biggest.
0:57.4	Yes. If it goes through tech deals of all time and
1:01.4	Del announced Monday that they've agreed to buy this EMC which is a corporate software
1:07.5	storage security giant.
1:09.9	Was it founded by Albert Einstein?
1:11.8	No, fun shout out to my alma mater.
1:14.8	The two to the founders Egan and Marino
1:17.7	both Northeastern University grads up from Boston.
1:20.1	Unbelievable.
1:20.8	Yeah.
	...

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