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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.

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