EMC to buy most of Cisco share in joint venture VCE

EMC, the maker of storage computers facing pressure from an activist shareholder to break up, said it will acquire most of Cisco Systems’ stake in joint venture VCE, which sells high-end data center equipment.

Cisco will keep about 10% of VCE, the companies said in a statement.

EMC will meld the joint venture into its business, while Cisco and VMware will continue as strategic partners. EMC is the majority owner of VMware. Terms weren’t disclosed.