Dell confirmed on Wednesday that it has finalised the largest technology merger in history. Computer storage firm, EMC will now become Dell EMC as part of the newly renamed Dell Technologies. The acquisition now makes Dell the world’s largest privately owned technology firm, with an estimated $74 billion revenue. "We feel very well positioned both in the new areas of technology and in the existing areas of technology today,” CEO Michael Dell, Dell Technologies. It has also been reported that Dell Technologies will be cutting between 2,000 - 3,000 jobs following the takeover, however no official comment has been made at this stage.