European Commission Approves Dell's Acquisition of EMC
The European Commission recently cleared Dell's $67 billion acquisition of data storage company EMC. In a statement released on February 29, 2016, the European Commission said that the tie-up would not reduce competition in the markets for external enterprise storage systems and virtualization software. WSGR represented Dell before the European Commission. The EU clearance follows the U.S. Federal Trade Commission's clearance on February 22, 2016.
As announced on October 12, 2015, 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 attractive high-growth areas of the $2 trillion information technology market, with complementary product portfolios, sales teams, and R&D investment strategies. The transaction remains subject to approval by EMC's shareholders, regulatory clearance in certain other jurisdictions, and other customary closing conditions.
For more information, please see the European Commission's press release.