Tin box shifter Michael Dell is going to be given unconditional EU antitrust approval for its $67 billion bid for data storage company EMC.
Dell unveiled the deal in October last year, the largest ever in the technology industry sector, and designed to enable Dell to better challenge rivals Cisco Systems Inc, IBM and HP in cloud computing, mobility and cyber security.
European Commission spokesman Ricardo Cardoso has so far said nothing, but leaks in Brussels [shurely that should be sprouts.ed] claim that the when the Commission gives its ruling on the deal by February 29 Dell will be a happy bunny.
Dell founder and Chief Executive Michael Dell took the company private three years ago with the help of private equity firm Silver Lake.
The computer maker has arranged a debt package for up to $49.5 billion to help finance the EMC deal, the second-largest M&A financing on record.