An EMC and HP merger would be the largest deal in the tech sector, given the companies' combined market capitalization of nearly US$130 billion. Such a merger might also face heavy scrutiny from antitrust regulators.
"EMC, consistent with long-standing policy, does not comment on rumor or speculation," a spokeswoman said of the WSJ report via email on Monday.
Under the pressure of the retirement of Chief Executive Officer Joseph Tucci, EMC is exploring strategic options that could include a full or partial sale, or a spinoff of VMware Inc., Bloomberg said seperate in a report. The publication adds Oracle, Cisco Systems Inc. and Dell in the list of companies that EMC approached about a possible sale of itself.