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

JLTV

Oshkosh to Continue JLTV Work, Federal Claims Court Denies Lockheed’s Injunction Request

Oshkosh Corp. (NYSE: OSK) said Friday it will continue work on the potential $6.75 billion …

MantechLogo

ManTech Lands Potential $71M Counter-Terrorism Support Task Order; Daniel Keefe Comments

ManTech International Corp. (Nasdaq: MANT) has been awarded a potential five-year, $71 million task order …

Subscribe to our Newsletter
I will subscribe later