Dell Sells IT Services to Raise Cash for EMC Deal


NTT Data on Monday announced in a regulatory filing that it has agreed to purchase Dell’s IT services business for just over $3 billion. Dell reportedly agreed to the sale to help finance its pending $67 billion purchase of EMC. It has 28 bankers underwriting $10 billion of its financing package for the deal, which began with eight banks, but “Dell reported in previous public filings that it would consider divestitures as it worked to finalize its acquisition of EMC,” Dell spokesperson David Frink pointed out.

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