Dell-EMC Deal Dwarfs Other Tech Acquisitions

Earlier today, Dell announced the acquisition of EMC (including VMware) in a deal worth a staggering $67 billion. Going forward, EMC and Dell will form one of the largest privately held corporation in the world, while VMware will remain a separate publicly traded company.

The deal, which is subject to regulatory approval, would be the largest M&A deal involving two pure technology companies (AOL's acquisition of Time Warner was larger but Time Warner is technically a media company), shattering the record previously held by Hewlett-Packard's acquisition of Compaq in 2001 for what would now be $33.6 billion.

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This chart shows the value of selected tech company acquisitions.

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Price of the most expensive company acquisition deals in the technology industry from 2001 to January 2024 (in millions of U.S. dollars)
Dell Technologies net revenue worldwide from fiscal year 1996 to 2026 (in billion U.S. dollars)
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Largest mergers and acquisitions (M&A) transactions in the United States in 2014, by transaction value (in billions of U.S. dollars)
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Total deal value of technology industry mergers and acquisitions (M&A) worldwide from 2004 to 2021 (in billion U.S. dollars)
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Value of domestic M&A deals in the United States in 2025, by industry (in billion U.S. dollars)
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Value of merger and acquisition deals worldwide from 2018 to 2025, by sector (in billion U.S. dollars)

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