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

Erich Sanchack

Lockheed Vet Erich Sanchack to Join CenturyLink as Federal Sales SVP

Erich Sanchack, formerly vice president of competitive enhancements at Lockheed Martin (NYSE: LMT), has been named senior VP of …

Paul Lundstrom

UTC Vet Paul Lundstrom to Join Aerojet Rocketdyne as CFO, Finance VP; Eileen Drake Comments

Paul Lundstrom, formerly vice president of investor relations at United Technologies Corp. (NYSE: UTX), has …

Subscribe to our Newsletter
I will subscribe later