Dell Ready To Sell £6.5bn Assets To Reduce EMC Acquisition Debt

The October acquisition of EMC, the largest in the history of the tech industry, is part of Dell’s efforts to diminish its reliance on the stagnant PC business, as it moves to become a complete provider of enterprise computing services. As part of these efforts Dell took itself private in a 2013 deal worth $25bn (£16bn).

CEO Michael Dell’s decision for his private company to make acquisition comes at a time when rivals seem to be favouring separation to deal with the great technological shift happening in the enterprise – take HP and eBay for instance.

But by being private, Dell doesn’t have to worry about the eagle eyes of investors and quarterly results to appease customers.

“I think the combined company is well positioned to address the move to the cloud,” said Dell in a media conference call in October.

“Remember that Dell has been providing infrastructure to public cloud, private cloud, and hybrid cloud for a long time, and has done quite well there.”

Dell and EMC are both old timers in today’s fast, startup market. The acquisition should even be seen as a banding together, a reformation of the guard preparing to take on the new world of cloud computing, where companies like Amazon Web Services (AWS) hold the higher ground.

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