Dell Might Complete Acquisition of EMC Corp This Week [Report]
#Dell is on track to get approval from Chinese regulators and close its historically large acquisition of #EMC Corp ($EMC) by the end of this week, according to a story in the New York Post. Sources cited by the Post say Michael Dell spoke directly with Chinese regulators to help win approval of Dell’s $63 billion purchase of EMC. That regulatory hurdle is the last thing standing in the way of the acquisition. Officially, Dell has said that the deal would close by October. But Dell and Silver Lake Partners have obtained debt financing and sold off several business entities faster than expected. EMC shareholders voted overwhelmingly in favor of the deal in July. To accommodate the largest tech deal in history, Dell has raised $50 billion in debt. It also divested of #SecureWorks through an IPO and sold off #PerotSystems and #DellSoftware Group, which included #QuestSoftware and #SonicWall.