We will hear reviews from apple cofounder Steve Wozniak. First, to our lead dell is offering 33 a share to buy emc. This, according to a person with knowledge of the matter who said the deal may be done as early as monday. Shares of emc are rising in afterhours, along with vmware, that could be tied to the deal. Cory johnson is in the newsroom. You have been digging through the numbers. What do you make of the price and speed at which this deal may be done . Cory we will see. This is a hard deal to imagine. It is about a 64 billion market cap acquisition for dell. They dont have that kind of money. They have nowhere near that amount of money. This is a minnow swallowing a whale. Just look at the size of dells business. We know dell already has a ton of debt. Of course, the company was taken private in large part through borrowing money. If you look at the size of dells business, it has about 12 billion in debt, given an enterprise value of maybe 25 billion. They are trying to buy a 54
Cofounder Steve Wozniak. First, to our lead dell is offering 33 a share to buy emc. This, according to a person with knowledge of the matter who said the deal may be done as early as monday. Shares of emc are rising in afterhours, along with vmware, that could be tied to the deal. Cory johnson is in the newsroom. You have been digging through the numbers. What do you make of the price and speed at which this deal may be done . Cory we will see. This is a hard deal to imagine. It is about a 64 billion market cap acquisition for dell. They dont have that kind of money. They have nowhere near that amount of money. This is a minnow swallowing a whale. Just look at the size of dells business. We know dell already has a ton of debt. Of course, the company was taken private in large part through borrowing money. If you look at the size of dells business, it has about 12 billion in debt, given an enterprise value of maybe 25 billion. They are trying to buy a 54 billion company. To get to those