Dell Sells $1 Billion in Bonds, Eyes Acquisitions

Susan Hall

Dell is looking to make acquisitions and expects to buy a "significant-sized company" in the next few months. It specifically wants to expand its storage and services businesses, reports The Street.com, citing a story in The Wall Street Journal.

 

That could explain why the company sold $1 billion in bonds Wednesday, bringing its cash reserves to $10 billion, according to The Austin American-Statesman.

 

Dell also recently hired away IBM's top mergers and acquisitions strategist.



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