2/18, 4:58 PM (Source: TeleTrader)
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Dell confirms $2.1B RSA sale

Dell Inc. announced on Tuesday it has entered a definitive agreement with a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board, and AlpInvest Partners to sell its cybersecurity unit RSA for $2.1 billion, confirming earlier reports.

"The transaction will further simplify our business and product portfolio. It also allows Dell Technologies to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient," chief executive Jeff Clarke said in the press release.

The all-cash transaction is expected to close in the next six to nine months and is subject to customary regulatory approval.

Breaking the News / MD