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IT

EC clears Dell's USD 67 bln EMC takeover

Tuesday 1 March 2016 | 08:41 CET | News
The European Commission has approved Dell's USD 67 billion acquisition of data storage company EMC, the last major regulatory hurdle holding up the closure of the deal. The takeover was approved by US regulators in February and is still subject to approval by EMC's shareholders and regulatory clearance in smaller markets. The EC confirmed that the merged company would still face strong market competition from companies such as Hewlett Packard Enterprise and Hitachi. Dell has said it expects to close the deal by October.

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Categories: Fixed / IT
Companies: Dell EMC / EMC / European Commission / VMware
Countries: World
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