Author: Mary-Louise Hoffman|| Date Published: March 8, 2016
Japan-based telecommunications conglomerate Nippon Telegraph & Telephone (NYSE: NTT) is planning to make a $3.52 billion offer to acquire a Dellbusiness unit that provides information technology services to government, education and healthcare agencies, Nikkei reported Tuesday.
The report said NTT looks to purchase Dell’s Perot Systems business and other assets in the latter company’s IT services lines in an effort aimed to further expand in the U.S. IT market.
NTT Data Corp., the Japanese company’s U.S. subsidiary, could begin private negotiations with Dell regarding a potential buy of Perot Systems this week, according to the report.
Dell purchased Perot Systems for about $3.9 billion in 2009 and reportedly believes a sale of the IT services business would help generate funds to help finance its $67 billion agreement to acquire data storage vendor EMC.
Japan’s government owns approximately 35 percent of NTT’s shares and the company’s total market capitalization was nearly $86.93 billion as of Monday’s market close.
Round Rock, Texas-based Dell went private in October 2013 after founder and CEO Michael Dell and investment firm Silver Lake Partners acquired the computer maker for $24.9 billion.
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Japan-based telecommunications conglomerate Nippon Telegraph & Telephone (NYSE: NTT) is planning to make a $3.52 billion offer to acquire a Dell business unit that provides information technology services to government, education and healthcare agencies, Nikkei reported Tuesday.
