Dell Said to Discuss Buying EMC, VMware Stake to Add Storage

Dell Inc. is in talks to combine with EMC Corp., people with knowledge of the matter said, in a deal that would help the companies cater to more customers and cope with a slowdown in demand for computers and storage equipment.

The deal may be completed as soon as next week, said two of the people, who asked not to be identified discussing private matters. Dell is speaking to banks about raising at least $40 billion to finance the purchase, said one person. JPMorgan Chase & Co., Barclays Plc, Bank of America Corp., Credit Suisse Group AG and Deutsche Bank AG are among banks that have been approached about financing the deal, people said.