Hardware

EMC-Dell talks highlight Elliott’s clout across tech sector

dell industry others
Written by TechBug

Acquisition talks between EMC Corp. and Dell Inc. are significant not just for the size of the potential transaction but also for a common element behind this and dozens of other major tech deals over the past decade: Elliott Management.

The possible tie-up between the $50 billion storage company and the privately owned computer maker, which surfaced on Wednesday, would be the largest tech deal ever and would solidify Elliott’s reputation of sparking key and sizable transformations throughout pockets of the industry.

While other famous activists such Nelson Peltz’s Trian Partners and Bill Ackman’s Pershing Square have steered cleared of technology investments because of their volatile nature, Elliott, run by billionaire hedge fund manager Paul Singer, has made a name for itself in the technology sector.

Read More

About the author

TechBug

Leave a Comment