Dell plans to sell $ 10 billion of its assets to bear the burdens of the acquisition of EMC




Preparing Dell to sell about $ 10 billion of its assets non-core, including software and services, to reduce the heavy debt that will result from the purchase of the company “EMC” EMC, according to the burden agency quoted Roatzer people familiar with the matter.

Roatzer sources reported on Monday that Dell, which will have debt worth $ 49.5 billion Once the merger process with EMC, has informed the credit rating agencies of its plan in recent days.

The sources said the assets that can be sold by Dell, include Quest Software program for the management of information technology, and the company SonicWall solutions for data security and encryption of e-mail, and the unity of AppAssure backup solutions, in addition to providing information security solutions Perot Systems Corporation.

It quoted Roatzer their sources, which refused to disclose the identity of the secrecy of deliberations, that the asset stripping process will not include the assets of the Dell hardware sector, such as servers, which are sensitive for them in their quest to dominate the market of large companies through its merger with EMC, as well as competition for more effectively with companies, such as Cisco, IBM “IBM.

The company Dell has announced on 12 October / October last approval of the acquisition of the company EMC for storage solutions in the deal is the biggest in the world of technology at all, compared to 67 billion US dollars.

It is believed that such a move would change Dell, which is the third largest producer of personal computers in the world, to become a leading company in the corporate data storage, and transfer its business away from consumer PCs stagnant market.

It is expected that the acquisition take place between May / May and October / October 2016. The deal Dell reported that the combined company will focus on reducing its debt during the first 18-24 months after the merger to achieve a credit rating of investment grade.

The estimated value of the deal the company “EMC” for $ 33.15 per share. Dell will pay of $ 24.05 per share in cash, and will give shareholders in the “EMC” share a private track the share price in the company, “VMware” VMWare specialized in the field of virtualization software services, which will remain an independent company and the public.


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