BRUSSELS - European Union antitrust regulators will decide by Feb. 29 whether to nod through U.S. computer maker #Dell Inc's $67-billion (47.16 billion pound) bid for data storage company #EMC Corp (EMC.N) or open a full-scale investigation.
The deal would enable world No. 3 computer maker Dell to better compete with rivals #Cisco Systems Inc (CSCO.O), IBM (IBM.N) and #Hewlett-Packard (HPQ.N) in managing and storing corporate data on the cloud.
Dell sought EU approval on Monday, according to a filing on the European Commission website. The EU competition watchdog can either clear the deal with or without conditions in the preliminary review or launch a five-month investigation if it has serious doubts.
http://uk.mobile.reuters.com/article/idUKKCN0V40Y3?irpc=932
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