Belfast Telegraph

Merger talks with computer giants has jobs implications

By Paul O'Donoghue

The parent companies of two of the world's biggest computer firms are thought to be in merger talks, which could have implications for thousands of jobs in the Republic.

Dell, the world's third-biggest personal computer maker, is understood to be in talks to combine with all or part of computer data storage giant EMC.

EMC is looking at ways to appease shareholders disappointed with returns and its efforts to replace an outgoing chief executive.

Over 5,300 people are employed by the two companies in Ireland.

According to people familiar with the discussions, who asked not to be identified, negotiations may not result in a deal. US television station CNBC reported that Dell could offer more than $27 per share for EMC.

EMC shares have declined 13% this year, leaving it with a market value of about $50bn.

The company has been under pressure to boost its share price from activist investor Elliott Management.

Belfast Telegraph