$3B Dell-NTT Data deal will help fund EMC acquisition

Source: www.bizjournals.com - Monday, March 28, 2016
Japan's NTT Data said Monday has agreed to buy Dell Inc.'s IT services division for just over $3 billion, helping to fund Dell's $67 billion acquisition of Hopkinton-based EMC Corp. The news was first reported by Reuters. Reuters reported that the deal for the unit formerly known as Perot Systems will allow Texas-based Dell to cut some of the $43 billion in debt it's taking on to fund the EMC (NYSE: EMC) buy.

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