After EMC News, Michael Dell Plans Boston Home Purchase
A week after Round Rock, TX-based Dell announced it would buy EMC for $67 billion in the largest technology deal in history, founder and CEO Michael Dell says he is making another purchase: a new house in Massachusetts, where EMC is headquartered.
Dell told Fortune at the annual Dell World event that he hopes to finalize a deal on the house with a visit to Boston within a week. He already has properties in Texas and Hawaii. It’s not clear what, if anything, the new property means for EMC’s restructuring or local employees. But it does suggest Dell himself is taking an interest in the region.
Meanwhile, EMC announced Monday that it is spinning off a new cloud services company, together with VMware, the cloud services company of which it owns about 80 percent. The new business will combine various cloud assets of EMC, VMware, and Virtustream, a Bethesda, MD-based company that EMC bought for $1.2 billion earlier this year, and will operate under the Virtustream brand, according to a press release.