The New York Post is reporting that the Dell/EMC merger is being slowed by tight credit market
The devil is in the details: A global credit slowdown has, reportedly, thrown a wrench in Dell's EMC acquisition plans.
The New York Post's Josh Kosman reported that the JPMorgan-led group of banks has pushed the timeline back 10 days in order to get the needed loans for the first $10 billion on the purchase.
To make matters worse, Dell's sale of Perot Systems, which it had hoped to earn $5 billion on, hit a roadblock when one of the leading potential buyers pulled out.
As Kosman reports:
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