Deals
EMC Said Planning to Sell Documentum Business Amid Dell Deal
- Dell also said to seek buyer for Sonicwall, Quest for $4B
- Dell and EMC are targeting deal completion by October
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EMC Corp. is seeking to sell its Documentum business, part of a plan with acquirer Dell Inc. to divest more than $6 billion in assets as part of the largest technology takeover ever, people with knowledge of the matter said.
Dell is also proceeding with selling software assets Sonicwall and Quest, said the people, who asked not to be identified because the discussions aren’t public. The company would prefer to sell the divisions together for about $4 billion, the people said. Private equity firms and strategic suitors have expressed interest in the divestitures, they said.