Japan’s NTT Data to buy Dell Systems unit for $3bn

Going private doesn’t really help you … especially when you’re trying to raise funds to buy EMC at $67 billion. I suppose if you were in the stock exchange, maybe issuing extra shares could have help raise those funds more quickly. I guess you’ll have to sell some of your assets then…

“Japan’s NTT Data is buying Dell’s technology services business for more than $3bn (£2.1bn) as it seeks to expand its business in North America. This is set to be the biggest-ever acquisition by NTT Data, which is part of Japan’s former telephone monopoly.

Dell has reportedly been looking to sell off non-core assets to raise billions of dollars ahead of its $67bn takeover of data storage firm EMC Corp.

NTT Data will take on Dell’s 28,000 employees in North America and India.

In a filing to the Tokyo Stock Exchange, NTT Data said the purchase will enhance its cloud and business-process outsourcing (BPO) services.”

Source: BBC

Latest Headlines

About Winston 3841 Articles
Winston has over 20 years of experience in the I.T. Industry. He launched Funky Kit with the aim to capture a wider audience worldwide. His knowledge in PC hardware is very distinguished, not only publishing enjoyable reviews but also writing great articles.