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Dell buys Perot Systems
David Heath
Monday, 21 September 2009 19:38
Valued at a mere $US3.9B, Ross Perot's Perot Systems Corp. falls to the significant charms of Michael Dell.
Clearly this deal will give Dell an opportunity to press its computing products into Perot's existing customer base.
"Today's announcement is the next step in formalizing a relationship that has flourished for some time," said Perot Chairman Ross Perot Jr. "When my father founded Perot Systems he envisioned a global information-technology leader. The new, larger Dell builds on that promise and its own successes by taking Perot Systems' expertise to more customers than ever."
"The Perot acquisition, while not subject to a financing condition, will need government approvals and the satisfaction of other conditions, CEO Michael Dell said. "Dell expects to close the deal in its November-January quarter."
This deal takes Dell into the same multi-discipline league as IBM and Hewlett-Packard; the merger awaits regulatory approval in a number of jurisdictions.
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