This Dell Purchase Is The Biggest Tech Merger In History

According to two sources who told The Post, Dell and Silver Lake Partners, who will co-invest in the deal, could be just moments away from getting approval from Chinese Regulators to buy EMC.

The $63 billion merger closing could come anytime between this month and January of next year.

This purchase would be the biggest tech merger in history.

According to the sources, Michael Dell has spoken to Chinese regulators and has succeeded in getting a quick approval.

“There’s not a lot of overlap,” one source commented.

Dell has so far raised about $50 billion in debt financing for the merger, has secured an EMC shareholder vote, and has other regulator approvals. The Chinese approval is the final step.

Dell will be paying the tech storage giant $24.05 in cash per EMC share and 0.111 share of VMware tracking stock based on the value of VMware common shares.

EMC owns 80 percent of VMware.

Disclaimer: We have no position in EMC Corporation (NYSE: EMC) and have not been compensated for this article.