Private computer manufacturers Dell have agreed a deal to buy out data storage company EMC in the world's largest ever tech deal.

The acquisition will cost the computer giants $67(€59) billion, after the companies agreed on a price of $33.15 per share, despite the market value being just $29.08 in premarket trading, which was still an increase of 3.9% on the previous day.

Dell said they will pay $24.05 of the cost in cash, and will make the remainder with a stock that tracks the value of EMC's interest in VMware, a software owned in the majority by EMC.

There are 6,000 works in Ireland employed by the two companies and VMware, and will have to wait for the deal to be finalised before learning if it will have an effect on their positions.

Via Irish Times