Possible merger of tech stalwarts as Dell said to be in advanced talks to buy EMC

San Francisco

DELL Inc is in advanced talks to buy EMC, people briefed on the matter said on Wednesday, potentially uniting two stalwarts of the technology industry as each faces pressure to revive its business prospects.

A deal would involve mostly cash, some of these people said. An agreement could be reached within a week, although these people also cautioned that talks were continuing and might still fall apart.