POST Online Media Lite Edition


EMC and Dell cleared by FTC to close merger and create giant

Staff writer |
Dell and EMC announced the expiration of the waiting period. The expiration of the waiting period occurred at 11:59 p.m. EST on February 22.

Article continues below

The merger remains subject to approval by EMC’s shareholders, regulatory clearance in certain other jurisdictions and other customary closing conditions.

The combination of Dell and EMC will create the world’s largest privately-controlled, integrated technology company. The company will be a leader in the extremely attractive high-growth areas of the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies.

“We are delighted that, with this key regulatory milestone now complete, we have taken another step on our path to becoming a combined company,” said Michael Dell, chairman and CEO of Dell.

“We are very pleased to receive FTC clearance as this takes us a step closer to realizing our vision of creating a global privately-controlled technology company. Together, our investments in R&D, focus on innovation and world-class sales and service will enable our customers to accelerate their journey to hybrid cloud and digital transformation,” said Joe Tucci, chairman and CEO of EMC.

What to read next

European Commission clears acquisition of EMC by Dell
Dell went private
Schlumberger and Cameron merger receives approval in EU