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Confirmed: Dell sells software division to Francisco Partners and Elliott Management

TechCrunch TechCrunch 20/06/2016 Ron Miller

TechCrunch has confirmed that Francisco Partners and Elliott Management have agreed to acquire Dell’s software division.

Elliott Management issued a press release confirming the acquisition this morning.

Rumors about this acquisitions first reported by Reuters over night. The deal involves Quest Software and SonicWall and could include other pieces. The price tag was over $2 billion, according to the Reuters report.

Elliott would not confirm the price.

The deal comes as Dell is trying to dump some pieces in order to help pay for its $67 billion EMC acquisition, which is set to go through later this year.

This is a breaking story. More to come shortly.

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