- CNBC's David Faber reports a Dell bid for the whole of EMC would be above $27/share. For reference, EMC closed yesterday at $25.96.
- Faber adds a deal could be a week away, and would require $40B in financing. Dell would keep control of VMware (VMW - 80%-owned by EMC).
- EMC +5.2% premarket to $27.30. The company's market cap stands at $52.6B. VMW +0.5% to $82.52.
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The WSJ reported of Dell/EMC merger talks yesterday evening.
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Update (9:22PM ET): VMware is now down 1.4%.
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Update (1:06PM ET): Bloomberg also reports of deal talks, while adding several major banks have been approached regarding financing. EMC would be taken private, while VMware would remain publicly-traded. EMC is up 5%, and VMware down 6.2%.