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EU regulators to rule on $67 billion Dell, EMC deal by Feb 29
January 26, 2016 / 9:51 AM / 2 years ago

EU regulators to rule on $67 billion Dell, EMC deal by Feb 29

BRUSSELS - European Union antitrust regulators will decide by Feb. 29 whether to nod through U.S. computer maker Dell Inc’s $67-billion (47.16 billion pound) bid for data storage company EMC Corp EMC.N or open a full-scale investigation.

A Dell logo is seen in this illustration picture taken in Sarajevo, Bosnia and Herzegovina, October 12, 2015. REUTERS/Dado Ruvic

The deal would enable world No. 3 computer maker Dell to better compete with rivals Cisco Systems Inc (CSCO.O), IBM (IBM.N) and Hewlett-Packard (HPQ.N) in managing and storing corporate data on the cloud.

Dell sought EU approval on Monday, according to a filing on the European Commission website. The EU competition watchdog can either clear the deal with or without conditions in the preliminary review or launch a five-month investigation if it has serious doubts.

Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek

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