EU clears Dell's purchase of EMC Corp

February 29, 2016 1:31 PM

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EU clears Dell's purchase of EMC Corp

BRUSSELS The European Commission said on Monday it had cleared Dell Inc's planned $67 billion acquisition of data storage company EMC Corp (EMC.N).

Dell unveiled the deal in October last year, the largest ever in the technology industry sector, and designed to enable it to better challenge rivals Cisco Systems Inc (CSCO.O), IBM (IBM.N) and Hewlett-Packard (HPQ.N) in cloud computing, mobility and cyber security.

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