Dell is acquiring EMC in a record-breaking $67 billion deal

It looks like those rumors from last week were true, as Dell has announced that it’ll be acquiring EMC in what’s going to be the biggest business deal in the technology industry. The roughly $67 billion cash-and-shares deal is expected to wrap up sometime next year, and will give Dell a massive boost to its cloud business for enterprise customers. Enterprise cloud is a lucrative but competitive market, with big names like Amazon and Microsoft fighting for control, and Dell needs to be successful in there in order to decrease its dependence on the shrinking PC market.