Chinese approval clears way for Dell's $67B EMC buy
Dell’s massive acquisition of EMC reportedly has passed legal muster in China, clearing what is expected to be its last hurdle.
The acquisition, announced last October with an estimated value of US$67 billion, has been approved by Chinese regulators, according to the New York Post. That’s expected to be the last step toward closing the deal, though the companies may not announce its completion formally until next week. The combined company will be called Dell Technologies, while its PC business will keep the pure Dell name.
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