Cloud Computing: Dell Gets Quest for $2.36 Billion
Grazed from Sys Con Media. Author: Maureen O’Gara.
Dell has won the bidding war for Quest Software agreeing to pay $28 a share, a 50 cent improvement on its last bid.
That brings the price to $2.36 billion, which is what JPMorgan claimed the company was worth weeks ago.
Insight Venture Partners, which offered $23 a share back in March, had to bring in Vector Capital, another private equity firm, to offer a financed cash bid of $25.75 a share. Dell retorted with $27.50 or about $2.32 billion. That’s where things were last Monday with the ball in Insight’s court…

