Dell and private equity firm Silver Lake said Monday they would buy EMC for $33.15 a share for a total price tag of about $67 billion in the largest deal in technology industry history.<br />The deal, confirmed Monday, was previously reported by The New York Times.<br />Shares of EMC rose 8% in pre-market trading.<br />"We're continuing to evolve the company into the most relevant areas where (information technology) is moving," Dell told the newspaper in an interview.<br />"This deal just accelerates that."<br />Dell is offering EMC shareholders about $24.05 a share in cash and $9.10 of a tracking stock tied to EMC's VMware stake.<br />EMC bought VMware in 2004 for $625 million.<br />EMC was left with an 80% stake in VMware when it went public.
