{"id":5880,"date":"2021-07-08T18:07:25","date_gmt":"2021-07-08T17:07:25","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=5880"},"modified":"2021-12-31T02:59:07","modified_gmt":"2021-12-31T01:59:07","slug":"dell-inc-close-to-selling-perot-systems-to-fund-emc-corporation-deal","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/27159-dell-eyeing-4-billion-perot-sale-to-atos-ahead-of-emc-merger\/","title":{"rendered":"Dell Inc. Close to Selling Perot Systems to Fund EMC Corporation Deal"},"content":{"rendered":"\n
Dell Inc. (NASDAQ:DELL<\/a>) has been looking to sell its non-core business units in a bid to fund the $67 billion EMC Corporation (NYSE:EMC<\/a>) acquisition deal. Perot Systems, the information technology consulting division arm of Dell, has also been on the list, and a number of companies seem interested.<\/p>\n\n\n\n Wall Street Journal reports that Japan\u2019s Nippon Telegraph and Telephone (NTT) is the latest company involved in negotiations to bring Perot Systems under its umbrella. The report says the deal could involve NTT paying billions of dollars to purchase Perot through its subsidiary, NTT Data.<\/p>\n\n\n\n NTT, the largest telecommunications company in Japan, has been facing a decline in domestic growth, that has caused it to explore expansion opportunities abroad. Perot generates $3 billion in revenue per year, and could push NTT Group\u2019s aims to increase international revenue to $22 billion by the fiscal year, ending in March 2018, from $15 billion last fiscal year.Sources say the deal has not been finalized, since the final price is yet to be agreed upon. Dell prices this unit at $5 billion, but interested parties in the past did not agree. Nikkei Asian Review reports that NTT plans to offer more than $3.52 billion to buy the IT services unit.<\/p>\n\n\n\n