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Dell Said to Offer EMC $33 a Share With VMware Stock

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Dell Inc. is offering about $33 a share to acquire EMC Corp., a person with knowledge of the matter said, in a deal that would create a corporate-computing colossus and help both companies cope with a demand slowdown.

The proposal includes a tracking stock in VMware Inc. valued at about $8 a share that would be issued to EMC shareholders, said the person, who asked not to be identified discussing private matters. A deal may be announced as soon as Monday, the person said. Dell is speaking to banks about raising at least $40 billion to finance the purchase, a person with knowledge of the matter has said.