Dell and EMC today said they received U.S. Federal Trade Commission clearance for their proposed merger.
Both Dell and EMC are in integration planning stage.
The largest transaction in the technology industry is on schedule under the original timetable and original terms. EMC shareholder vote is expected this spring, said Dell.
The Dell-EMC transaction remains subject to approval by EMC’s shareholders, regulatory clearance in certain other jurisdictions and other customary closing conditions.
The deal was announced on October 12, 2015.
Dell and EMC will create the world’s largest integrated technology company. The combined company will be a technology leader in the high-growth areas of the $2 trillion IT 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 Inc.
“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.
editor@infotechlead.com
