Natalie Parkinson
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Natalie Parkinson in Mergers & Acquisitions,

EU clears Dell's purchase of EMC Corp

The European Commission said on Monday it had cleared Dell Inc's planned $67 billion acquisition of data storage company EMC Corp.

Dell unveiled the deal in October last year, the largest ever in the technology industry sector, and designed to enable it to better challenge rivals Cisco Systems Inc, IBM and Hewlett-Packard in cloud computing, mobility and cyber security.

The Commission said that the merged entity would have a moderate market share in external enterprise storage systems and would still face strong competition.

How will this deal effect Dell's stocks? Do you have any ideas?