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EU: Dell’s acquisition of $67 billion EMC gets OK

By  |  February 29, 2016

The European Commission found that the merged company would face plenty of competition in the data storage and virtualization markets.

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    Dell’s $67 billion bid to buy data storage giant EMC took a significant step forward when European antitrust regulators gave their unconditional approval to the massive deal, a move that came a week after a similar decision by counterparts in the United States.

    The European Commission, the antitrust arm of the European Union (EU), announced its decision Feb. 29, saying that the combination of Dell and EMC would not significantly hinder competition in such areas as data storage, virtualization and servers.

    In each of those markets, regulators found that the merged company would continue to face strong competition, and noted that in the case of VMware, the virtualization technology vendor has a history of working with multiple vendors, including competitors of Dell. EMC owns about 80 percent of VMware, which is one of several companies within EMC’s federation of businesses that Dell will inherit when the deal closes later this year.

    Full Content: The Register

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