4. Dell Moves Closer To EMC Acquisition
Through the first half of 2016 Dell continued taking the steps necessary to complete its blockbuster acquisition of storage system manufacturer EMC, a deal valued at some $60 billion that's expected to close by October.
While reports of potential problems occasionally surfaced, such as with lining up the necessary financing for the deal, none ever proved to be a threat to completing what will be the biggest merger in the history of the IT industry. Dell and EMC continued taking the needed steps to wrap up the acquisition, including gaining antitrust approval from the U.S. Federal Trade Commission. And Dell struck deals to sell off its Perot Systems IT services business to NTT Data for nearly $3.1 billion and its software business to private equity firms for a reported $2 billion-plus.
Most significantly for channel partners of both companies, Dell (in early July) named John Byrne, who has been overseeing the company's channel operations since joining the company a year ago, to be the global channel chief of the combined companies once the acquisition closes.