February 23, 2016 – Dell’s $67 billion acquisition of EMC recently cleared another hurdle. According to re/code, at midnight the waiting period required by the U.S. Federal Trade Commision expired, getting the deal one step closer to closing.
Announced last October (see “Huge Deal to Acquire EMC Expands Dell’s Enterprise Services Reach,”) the deal was reported to be the largest ever in tech history. However a number of stumbling blocks presented themselves following the initial announcement, mostly surrounding EMC-owned VMware, which operates as a separate company.
The deal must also get EU antitrust approval, which Reuters reports is likely to happen.
The deal must still be approved by EMC shareholders who have not yet voted.