Computer maker Dell Technologies on Sunday said private-equity firms Francisco Partners and TPG Capital have entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction.
The company said the deal was expected to close by the end of this year but did not disclose additional terms of the transaction. The Wall Street Journal had reported that Dell was nearing a deal to sell Boomi.
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The company this month said it would spin off its majority stake in cloud computing software maker VMware, which would trim down its business and make the firm nimbler.
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Dell to sell its cloud business Boomi to Francisco Partners and TPG for $4 billion - Economic Times
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