Dell is preparing to sell around $10bn in non-core assets, including software and services, to reduce the $49.5bn of debt it will have once the merger with EMC (NYSE:EMC) is completed, according to a report from Reuters.
The article says that according to people familiar with the matter, Dell has communicated the plan to credit rating agencies in recent days, the people said on Monday.
Assets up for sale could include Quest Software, SonicWall, AppAssure, as well as IT services provider Perot Systems, the sources are quoted as saying.
The divestitures will not include Dell's hardware assets such as servers, which are crucial in its quest to dominate the large enterprise market through its merger with EMC.
A Dell spokesman declined to comment.
Dell agreed last month to buy data storage company EMC for $67bn, and the transaction is expected to close between May and October 2016.
-
Lenovo Yoga Tab 11.1in reviewReviews A small tablet for taking notes, or an aid for presentations, the Yoga Tab is an affordable yet innovative little slab of technology
-
AI layoffs could spark a new wave of offshoringNews Analysts expect a wave of rehiring next year in the wake of AI layoffs. That may sound like good news for workers, but it'll probably involve offshoring or outsourcing.
-
Computacenter enters the fray against Broadcom in Tesco's VMware lawsuitNews The IT reseller has added its own claim against Broadcom in VMware case brought by Tesco
-
Who is John Roese?Dell's CTO and Chief AI Officer John Roese brings pragmatism to AI
-
Meta layoffs hit staff at WhatsApp, Instagram, and Reality Labs divisionsNews The 'year of efficiency' for Mark Zuckerberg continues as Meta layoffs affect staff in key business units
-
Business execs just said the quiet part out loud on RTO mandates — A quarter admit forcing staff back into the office was meant to make them quitNews Companies know staff don't want to go back to the office, and that may be part of their plan with RTO mandates
-
Amazon workers aren’t happy with the company’s controversial RTO scheme – and they’re making their voices heardNews An internal staff survey at Amazon shows many workers are unhappy about the prospect of a full return to the office
-
Predicts 2024: Sustainability reshapes IT sourcing and procurementwhitepaper Take the following actions to realize environmental sustainability
-
Advance sustainability and energy efficiency in the era of GenAIwhitepaper Take a future-ready approach with Dell Technologies and Intel
-
Tech execs pushed for a return to the office – now they’re backtracking amid a workforce revolt, with only 3% of firms asking staff to return full-timeNews Return to office mandates have failed miserably, and many businesses appear to be admitting defeat
