EU regulators to rule on $67 billion Dell, EMC deal by Feb. 29

A Dell logo is pictured on the front of a computer in this photo illustration in the Manhattan borough of New York October 12, 2015. REUTERS/Carlo Allegri

BRUSSELS - European Union antitrust regulators will decide by Feb. 29 whether to nod through U.S. computer maker Dell Inc's $67-billion bid for data storage company EMC Corp EMC.N or open a full-scale investigation.

The deal would enable world No. 3 computer maker Dell to better compete with rivals Cisco Systems Inc CSCO.O, IBM IBM.N and Hewlett-Packard HPQ.N in managing and storing corporate data on the cloud.

Dell sought EU approval on Monday, according to a filing on the European Commission website. The EU competition watchdog can either clear the deal with or without conditions in the preliminary review or launch a five-month investigation if it has serious doubts.