Dell Technologies acquired EMC Corporation for ~$67 billion (approximately $58.7B total consideration transferred; ~$64.0B total purchase price allocated per the FY2017 10-K), a transaction completed in September 2016, structured as combination (cash plus Class V tracking stock). The deal was a Merger.
EMC Corporation operates in Enterprise storage, data center & virtualization (EMC / VMware), is based in Hopkinton, Massachusetts, USA. Dell (through parent Denali/Dell Technologies) acquired data-storage and information-management giant EMC Corporation, together with EMC's controlling stake in VMware, in what was at the time the largest technology acquisition ever. Each EMC share was converted into $24.05 in cash plus 0.11146 of a share of a new Class V tracking stock (NYSE: DVMT) tracking Dell's economic interest in VMware. The combination created Dell Technologies, an end-to-end provider spanning PCs, servers, storage, networking, security and cloud software.
Dell positioned the merger as building the essential infrastructure company, pairing Dell's PC and server strength with EMC's storage leadership and VMware's virtualization franchise to serve customers from the edge to the core to the cloud.
EMC's storage arrays, data-protection portfolio and ~81% ownership of VMware gave Dell the enterprise data-center franchise its PC-and-server base lacked. Formed the core of Dell Technologies' Infrastructure Solutions Group; VMware operated as a separately listed subsidiary until its 2021 spin-off.
The combination of Dell and EMC creates the world's largest privately-controlled, integrated technology company, spanning personal computers to data-center infrastructure.Paraphrased from Dell Technologies' description of the EMC merger, FY2017 Form 10-K, Note 3 — Business Combinations
Advisory firms were not disclosed for this transaction.