Dell, along with MSD Partners and Silver Lake, will acquire data storage company EMC Corporation (EMC) for $67 billion or about $33.15 a share - in cash and stock. The transaction is the largest tech deal ever, trumping HP's (HPQ) 2002 merger with Compaq, worth $33.4 billion. EMC has more than an 80 percent share in publicly traded VMware (VMW), a software company, which will continue to exist as a standalone public company. Dell is expected to take on plenty of debt to finance the transaction - though that's while interest rates are still at crisis-era lows. The Federal Reserve is expected to raise rates at some point this year, making debt more costly. This comes some two years after Dell CEO Michael Dell took his well-known computer company private. The acquisition is said to help Dell move away from the softening PC market and partake in the growing trend of cloud computing.