American computer technology maker Dell and its co-investor Silver Lake Partners are expected to receive a green light from Chinese regulators to buy storage king EMC Corp for $63 billion, The Post reported.

The company's CEO Michael Dell personally talked with the Chinese regulators to gain the approval expected for this week.

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Dell said the acquisition, dubbed as the largest tech merger by far, may close between this month and January 2017. The company had previously said the deal would be closed by October, but the timetable was forwarded after Dell and Silver Lake Partners sold off some business entities faster than anticipated. Dell divested of SecureWorks by an IPO and sold Perot Systems and Dell Software Group, which included Quest Software and Sonic Wall, AustinInno reported.

All in all, Dell managed to raise around $50 billion in debt financing for the deal, The New York Post reported. It has also gained other regulatory approvals and has secured the vote of EMC shareholders in July. The regulatory approval from China is the last thing standing in the way of the acquisition.

Under the agreement, the consumer PC giant will pay EMC $24.05 in cash per EMC share and 0.111 shares of VMware tracking stock based on the value of VMware common shares. EMC currently owns 80 percent of VMware, and traders expect EMC shares to rise to about $30 when the deal closes.

TagsDell, EMC Corp, Chinese regulator, merger and acquisition, Computers