Daily Traders Edge

Exclusive: EU set to clear Dell’s $67 billion deal to buy EMC – sources

February 19
07:35 2016

Dell Inc [DI.UL], the world’s third-biggest maker of computers, is set to gain unconditional EU antitrust approval for its $67 billion bid for data storage company EMC Corp, two people familiar with the matter said on Thursday. Dell unveiled the deal in October last year, the largest ever in the technology industry sector, and designed to enable Dell to better challenge rivals Cisco Systems Inc, IBM and Hewlett-Packard in cloud computing, mobility and cyber security. European Commission spokesman Ricardo Cardoso declined to comment on Thursday.

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