From ComputerWorld: It looks like the Dell-EMC wedding is on: EMC says it hasn't gotten any better proposals, and Dell reportedly is trying to shed Perot Systems to trim down for those photos.
The companies announced their engagement in October, when Dell agreed to buy the massive storage, cloud virtualization and security company for about US$67 billion. That kicked off a "go-shop" period in which EMC asked for alternative bids to make sure it wasn't selling itself short. The period ended early Saturday morning with no other offers received or deemed better than Dell's.
This clears the way for the deal to close as scheduled some time between May and October next year, assuming regulators and EMC shareholders approve.
To prepare for the deal, Dell is also looking to sell off Perot Systems for more than US$5 billion, according to a report on Monday by Recode. That deal might offset some of the debt that Dell plans to take on for the huge EMC purchase, the biggest buyout in IT history.
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