Will MSD Acquisition compete with Dell Technologies?
Michael Dell is the CEO, chairman and founder of Dell Technologies, the $92 billion market leader in storage, server and hyperconverged infrastructure as well as one of the world’s top PC vendors.
In its SEC filing, MSD Acquisition specifically says that it will not invest in any Dell Technologies’ principal markets.
“We do not intend to pursue an initial business combination with a company that is in a business directly related to any of the principal businesses in which Dell Technologies operates,” said the company.
MSD Acquisition is a “blank check” company, which raises funds for an IPO with the goal of buying a private business or multiple private businesses. The private entities will then become public with MSD Acquisition’s merger. “MSD Acquisition is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities,” said the company.
