Deals
Dell Is Said to Pay About $1 Billion to Acquire Wyse Technology
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Dell Inc., the world’s third-largest maker of personal computers, paid about $1 billion to buy closely held Wyse Technology Inc., according to a person with knowledge of the matter.
Purchasing Wyse, which makes desktop devices for cloud computing, will boost earnings in the second half of fiscal 2013, Dell said today in a statement, which didn’t disclose terms of the deal. David Frink, a spokesman for Round Rock, Texas-based Dell, declined to comment, as did Wyse’s Tim Smith.