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| US computer firm Dell to buy Quest Software for $2.4bn |
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| Posted by Will Smith |
| Monday, 02 July 2012 08:24 |
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Summer shopping spree is here! "Dell will buy the US software firm Quest for $2.4bn (£1.53bn) as it expands its software business to offset falling demand for personal computers. Under the terms of the deal, Dell will pay $28 per share, outbidding rival Insight Venture Partners. The deal is expected to be closed later this year but needs to be approved by Quest shareholders. Dell said the acquisition would help secure its position in the more lucrative software business." Source: BBC Tags: |
