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Dell wins U.S. antitrust approval to buy Quest Software
July 23, 2012 / 5:03 PM / in 5 years

Dell wins U.S. antitrust approval to buy Quest Software

WASHINGTON (Reuters) - Dell Inc has won U.S. antitrust approval to buy IT management company Quest Software Inc, the Federal Trade Commission said on Monday.

A Dell computer logo is seen on a laptop at Best Buy in Phoenix, Arizona, February 18, 2010. Dell Inc is expected to releases its fourth quarter earnings report on on Thursday. REUTERS/Joshua Lott

Dell had said in early July that it would buy Quest for $2.4 billion to expand its software business and reduce dependence on the declining personal computer market.

The FTC put the transaction on a list of deals that it and the Justice Department’s Antitrust Division have been able to approve quickly. The list is issued several times a week.

Dell sparked a bidding war in June when it offered $25.50 per share for Quest, an enterprise management software maker, topping an initial offer by private investment firm Insight Venture Partners in March of $23 per share.

Dell has been diversifying recently, giving up low-margin sales to consumers and moving into higher-margin areas, such as catering to the technology needs of small and medium-sized businesses in the public sector and the healthcare industry.

Reporting By Diane Bartz; Editing by Leslie Adler

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