IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Dell EMC deal will complete next week

Massive tech merger clears final hurdle as Chinese regulators give their approval

Dell's historic $63.4 billion (48.4 billion) acquisition of EMC is set to close next Wednesday, 7 September, after completing its final regulatory hurdle in China.

The announcement was made last night, one day after Dell CEO Michael Dell appeared on stage at VMware's VMworld 2016 conference in Las Vegas, Nevada, with VMware CEO Pat Gelsinger.

While VMware is part of the EMC federation of companies, it was confirmed some time ago that the virtualisation veteran would continue to operate more-or-less as a separate company, as it is not totally owned by EMC. Indeed, according to several reports, Gelsinger and Michael Dell went out of their way to enforce the message of VMware's autonomy.

At EMC World this year, it was revealed by Michael Dell that the name of the new company will be Dell Technologies, but that the EMC name will live on in the EMC II division and yet-to-be-created Dell EMC division, which will look after business enterprise products.

In a statement, Michael Dell said: "This is an historic moment for both Dell and EMC. Combined, we will be exceptionally well-positioned for growth in the most strategic areas of next generation IT, including digital transformation, software-defined data centre, converged infrastructure, hybrid cloud, mobile and security."

Outgoing EMC CEO, Joe Tucci, added: "I'm proud of everything we've built at EMC - from humble beginnings as a Boston-based startup to a global, world-class technology company."

"The combination of Dell and EMC creates a new powerhouse in the industry - providing the essential technology for the next era," he added.

No doubt the future of the unified company will, once again, be the main topic of discussion at Dell World 2016, which takes place from 18 to 20 October. Be sure to visit IT Pro for all the latest, live, then.

Featured Resources

Accelerating AI modernisation with data infrastructure

Generate business value from your AI initiatives

Free Download

Recommendations for managing AI risks

Integrate your external AI tool findings into your broader security programs

Free Download

Modernise your legacy databases in the cloud

An introduction to cloud databases

Free Download

Powering through to innovation

IT agility drive digital transformation

Free Download

Recommended

Dell’s new XPS 13 refresh is the line’s slimmest ever laptop
Laptops

Dell’s new XPS 13 refresh is the line’s slimmest ever laptop

10 Jun 2022
CMO job description: What does a chief marketing officer do?
Business strategy

CMO job description: What does a chief marketing officer do?

9 Jun 2022
CFO job description: What does a chief financial officer do?
Business strategy

CFO job description: What does a chief financial officer do?

9 Jun 2022
What does a CISO do?
Careers & training

What does a CISO do?

12 May 2022

Most Popular

Salaries for the least popular programming languages surge as much as 44%
Development

Salaries for the least popular programming languages surge as much as 44%

23 Jun 2022
Attracting and retaining talent through training
Sponsored

Attracting and retaining talent through training

13 Jun 2022
The top programming languages you need to learn for 2022
Careers & training

The top programming languages you need to learn for 2022

23 Jun 2022