Dell-EMC deal gets China's approval, reports say
Dell's $62bn buy out of EMC likely to be approved this week
Dell's acquisition of EMC has apparently passed the last major hurdle, with reports that China will grant regulatory approval to the deal sometime this week.
According to the New York Post, Chinese regulators are expected to give the OK to the $62bn deal before Friday close-of-business in the US.
The merger will be the biggest ever in the technology sector, creating a merged entity with strengths in PCs, servers and storage, virtualisation and storage software and cloud and security offerings.
Once regulatory approval is confirmed, the deal could close at some point between this month and January next year.
In July, EMC Corporation shareholders approved the merger, with 98% voting in favour.
The privately held new entity, Dell Technologies, will be an amalgam of Dell and EMC technologies. Dell's server, PC and storage units will meld with EMC's storage business. VMware's data centre software and virtualisation businesses, VirtuStream's enterprise cloud unit and RSA's security products will also be integrated.