Cloud Computing: EMC sale clears last hurdle, Dell to close on purchase next week
August 31, 2016
Grazed from BostonGlobe. Author: Curt Woodward.
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…
“I am proud of everything we’ve built at EMC — from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers,” EMC chief executive Joe Tucci said in a statement…
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