China OKs Dell merger

Dell said Tuesday it received regulatory clearance from China and intends to complete its merger with EMC on Sept. 7.

The $60 billion deal will be the largest technology merger ever.

Approval from China’s Ministry of Commerce was the last remaining hurdle to the deal, which was approved by EMC shareholders on July 19.

The newly combined company, to be named Dell Technologies, aims to be a one-stop shop for information technology sold to businesses.

Dell hopes to make the combined company a favored supplier in the rapidly growing market for cloud computing, where companies tap software programs via the internet.

Dell will face intense competition from Amazon’s Web Services unit, which is the leader in the market.