Over 5,000 Irish staff at Dell and EMC face wait on jobs news
THE world's biggest ever technology deal is set to go ahead after Dell confirmed it would swallow up EMC for around $67bn (£44bn).
The two computer giants confirmed the planned takeover yesterday in what is the biggest ever tech deal.
Michael Dell, who founded the eponymous computer maker, and EMC boss Joe Tucci insisted it will create opportunities to grow both businesses.
Mr Dell will lead the combined companies. The transaction isn't expected to close until some time between May and October next year.
Privately-held Dell employs about 2,300 between sites at Cork, Limerick and Dublin.
EMC has 3,000 staff in Ireland, almost all of them based at its centre of excellence in Cork. It has about 50 employees at a sales office in Dublin.
Dell will also own EMC's 80% stake in stockmarket-listed VMware, which employs about 700 people in Cork.
"We're not actually going to move a whole lot of people around," said Mr Dell on a conference call yesterday. He said that Dell has "great teams" at many sites in the United States and around the world.