Dell made a great move concerning the acquisition of EMC. The acquisition deal is getting close to its deadline. This deal was approved by FTC specified elimination period which means the acquistion is approved.

A few days ago, the confirmed source reported that EU also plans to approve Dell to acquire EMC at 467 billion.

Dell announced it would acquire EMC at $67 billion last October. The acquisition deal involves in a great amount of debts and complicated financial business, including the equity conversion of VMware held by EMC. EMC holds about 81% of VMware shares.

The statement surprised the industry when it was announced. It would be the biggest technical merger in the history once it is approved.

It faces many problems and challenges to complete this acquisition. Dell must be responsible for a great amout of debts and will need to loan about $50 billion. Dell made statement in the documents that it submitted to US securites and exchange commission. It will undertake about $11 billion debts due to its $24.4 buyout bid.

Dell has been planning to split off some assets. For example, it wishes to split off SecureWorks. Some news revealed that Dell would sell SonicWall and Quest sections with$ 2 billion respectively, and Perot Systems business at $5 billion.

EMC has been cutting jobs from the beginning of this year. VMware currently cuts jobs as well. VMware shareholders don’t seem excited for this acquisition. Actually, its share price decreased by 30% since the announcement of this acquisition.