Dell to Buy Perot Systems for $3.9bln

Dell plans to buy Perot Systems for about $3.9 billion (2.4 billion pounds), paying a steep 67.5 percent premium to expand its technology services business and compete with Hewlett-Packard Co and IBM.

Perot Systems, a computer services provider founded in 1988 by former U.S. presidential candidate Ross Perot, would be the largest ever acquisition by Dell and comes after extended speculation about its M&A strategy…Read the rest at Reuters