@MichaelDell has made significant progress in raising the cash he needs to close on the long awaited acquisition of storage giant #EMC.
Following its $20 billion sale of investment grade secured bonds in May, it sold off $3.25 billion worth of junk bonds earlier this month to help finance the deal.
Monday, the company raised an estimated $2.2 billion more by selling its software business, #DellSoftware, to Francisco Partners and Elliott Management.
The private equity firm and hedge fund receive database provider Quest, security company #SonicWall and advanced analytics provider #Statistica among potential others as their part of the bargain.
http://www.cmswire.com/information-management/dell-dumps-software-biz-implications-for-documentum/
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