Home / M&A Activity / FTC Approves Dell’s $2.4B Quest Software Buy

FTC Approves Dell’s $2.4B Quest Software Buy

The Federal Trade Commission has approved Dell‘s (NYSE: DELL) $2.4 billion acquisition of information technology management company Quest Software (NASDAQ: QSFT) Reuters reports.

Dell said in its original announcement of the transaction it wants to increase the amount of intellectual property in its software portfolio.

The company was competing against a group led by private equity firm Insight Venture Partners, who initially offered $2 billion total to acquire Quest in March.

Dell, not publically identified by Quest at the time, then offered to buy the enterprise management software maker for nearly $2.3 billion in June, according to reporter Diane Bartz.

Citing an FTC announcement, Bartz reports the agency and the Justice Department placed the transaction on a list of deals that can be approved quickly by the FTC and the department’s antitrust division.

Check Also

NavyC4ISR

Navy Awards 21 Spots on $750M Command-and-Control Equipment Supply IDIQ

The U.S. Navy has awarded 21 companies positions on a potential five-year, $750 million contract …

Raytheon logo

Raytheon Lands $119M Contract for Lot 9 Air Force Decoy Jammer Vehicles

Raytheon (NYSE: RTN) has received a $118.5 million contract to manufacture the ninth batch of miniature air-launched decoy …

Subscribe to our Newsletter
I will subscribe later