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Dell’s $67B EMC Buyout Clinches EU Approval

“The transaction is on schedule under the original timetable and the original terms”, he wrote.

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The combination of Dell and EMC will create the world’s largest privately-controlled, integrated technology company.

Dell in coming weeks is expected to file an updated SEC proxy statement ahead of an EMC shareholder vote, which is due by early May.

David Goulden, President, Enterprise Systems Group, responsible for the global infrastructure organization including servers, storage, networking, converged infrastructure and solutions.

The deal must be cleared by antitrust authorities in 16 jurisdictions, including China, Dell Inc.’s parent company, Denali Holding Inc., said in a filing to the U.S. Securities and Exchange Commission.

Jeff Clarke, now president and vice-chairman of Dell and head of its personal computing operations, is more or less holding on to that role.

VMware announced Tuesday that its Chief Operating Officer Carl Eschenbach will resign.

Jeremy Burton, who previously headed the products and marketing division at EMC, has been appointed as the chief marketing officer for the merger, while Karen Quintos, the current CMO at Dell, has been appointed as the chief customer officer for the combined company. Dell’s Marius Haas, who is the chief commercial officer, will work on the team as well. Zane Rowe, EMC’s CFO and former exec at Apple and UnitedContinental, took over as VMware’s financial lead today.

Rich Rothberg will remain in place as Dell’s general counsel.

Dell’s agreement to buy EMC was worth an estimated $67 billion when it was announced October 12, making it the most expensive tech-industry acquisition on record.

VMware didn’t name a replacement for Eschenbach, instead promoting a number of executives to take on his responsibilities.

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Dell continues to prepare for the eventual closure of its deal with EMC, now rearranging its executive lineup, according to a Re/Code report. The companies also have said that becoming a private business will remove Wall Street pressure to continually meet quarterly sales targets.

EMC		EMC Chief Executive Joe Tucci and Michael Dell