Open Text Adds to Spending Spree With $1.6 Billion Dell Deal

  • Biggest Canadian tech acquisition since CGI bought Logica
  • Deal could prompt credit rating downgrade from Moody’s

Open Text Corp. said it will buy Dell Technologies Inc.’s enterprise content business for $1.6 billion, the biggest deal ever for the highly-acquisitive Canadian software company. Its stock soared the most in seven months.

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