A PYMNTS Company

EU: regulators to rule on $67 billion Dell, EMC next month

 |  January 26, 2016

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

The deal would enable world No. 3 computer maker Dell to better compete with rivals Cisco Systems, IBM and Hewlett-Packard 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.

Full content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.