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  1. OpenText to buy Dell EMC’s enterprise content unit for $1.62 billion

OpenText to buy Dell EMC’s enterprise content unit for $1.62 billion

Canadian business software maker OpenText Corp said it agreed to buy Dell-EMC's enterprise content division for $1.62 billion to beef up its offerings for large businesses.

By: | Published: September 12, 2016 7:24 PM

Canadian business software maker OpenText Corp said it agreed to buy Dell-EMC’s enterprise content division for $1.62 billion to beef up its offerings for large businesses.

Barclays, which acted as a financial adviser, has provided a $1 billion debt commitment for the deal, OpenText said on Monday.

The deal is expected to immediately add to earnings, the company said.

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