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General

Dell in talks to sell software ops for USD 2 bln - report

Monday 20 June 2016 | 10:35 CET | News
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Dell is in advanced talks to sell its software division for over USD 2 billion to Francisco Partners and Elliott Management, Reuters reported, citing sources familiar with the matter. Divesting the software assets will help Dell refocus its technology portfolio and bolster its balance sheet after it agreed in October to buy data storage company EMC for USD 67 billion. EMC also owns a controlling stake in VMware.

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Categories: General
Companies: Dell EMC
Countries: World
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