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Hedge fund and PE firm to buy Dell's software unit

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Dell

Michael J de la Merced 

For more than a decade, the hedge fund Elliott Management has focused on shaking up technology businesses with activist shareholder campaigns, urging companies to sell themselves. Now the hedge fund has taken a big step into the business of buying companies outright. Elliott and the private equity firm Francisco Partners said on Monday that they would buy Dell's software businesses. A price was not disclosed, though it is estimated to be more than $2 billion. The two are getting a mix of software makers that Dell acquired over the years, including the security provider SonicWall and the ...

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First Published: Wed, June 22 2016. 00:21 IST
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