Cloud Computing: EMC sale clears last hurdle, Dell to close on purchase next week
Grazed from BostonGlobe. Author: Curt Woodward.
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Dell Inc. has received approval from regulators in China for its $65 billion purchase of EMC Corp. and plans to close the buyout of the largest technology company in Massachusetts on Sept. 7, the companies said Tuesday. The sale of EMC ends a storied era in the state’s high-tech sector.
The new company, called Dell Technologies Inc., will instantly become one of the industry’s largest suppliers of big-business computing equipment. The sale, first proposed last October, had been viewed for months as a formality despite some early skepticism from investors. Regulators in the US and Europe approved the transaction months ago, and EMC shareholders overwhelmingly voted for the acquisition in July…


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