The Adjacency Expansion · Growth & Portfolio
Dell Borrowed Nearly $50 Billion to Buy EMC. It Wasn't Confidence — It Was Survival.
In 2015 Dell agreed to buy EMC in a deal valued at roughly $67 billion, backed by up to $49.5 billion in committed debt. The story sold was scale. The real story was a cornered PC company buying time with leverage — and praying VMware's cash could dig it back out.
8 min