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Blockbuster: Synnex Corp., Tech Data Join Forces in $7.2B Deal By Erik Cagle

Blockbuster: Synnex Corp., Tech Data Join Forces in $7.2B Deal

By Erik Cagle

 

The IT distribution network was shaken by Monday’s announced merger between Synnex Corp. and Tech Data, a deal valued at (including debt) approximately $7.2 billion.

Synnex shareholders will hold 55% of the combined entity, which will be led by Rich Hume, CEO of Clearwater, Florida-based Tech Data. The deal creates a $57 billion distribution behemoth, towering over the next-biggest competitor, Ingram Micro, at $47 billion.

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