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Report: Dell Close to Selling Perot Systems for Over $4 billion

By
Jonathan Vanian
Jonathan Vanian
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By
Jonathan Vanian
Jonathan Vanian
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January 4, 2016, 7:23 PM ET
Michael Dell, founder and CEO of Dell Inc., onstage during the 2015 Dell World Conference in Austin, Texas, U.S., on Wednesday, Oct. 21, 2015. Dell World gathers business leaders, technologists, developers and designers to share ideas, stories and practices that guide innovative thinking. Photographer: Matthew Busch/Bloomberg
Michael Dell, founder and CEO of Dell Inc., onstage during the 2015 Dell World Conference in Austin, Texas, U.S., on Wednesday, Oct. 21, 2015.Photograph by Matthew Busch—Bloomberg via Getty Images

Dell is close to finalizing a $4 billion sale of its Perot Systems business unit.

France-based IT services company Atos is the leading contender for Perot Systems, according to a report on Monday by technology publication Re/code that cites unnamed sources. The report said that Atos offered to buy Perot Systems for $4.2 billion to $4.3 billion.

The deal would help Dell pay down some of the $45 billion in debt the computing giant took on for its blockbuster $67 billion purchase of technology titan EMC (EMC). The EMC acquisition is expected to close by October 2016.

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Dell purchased Perot Systems in 2009 for $3.9 billion, and wanted to sell the business unit for $5 billion, the Re/code report said. Several companies are vying for Perot Systems, including India-based Tata Consultancy Services, Cognizant Technology Solutions, and NTT Data, according to Reuters report on Monday.

In December, after months of speculation, Dell’s cybersecurity business unit SecureWorks said in a regulatory filing it planned to go public sometime in 2016.

WATCH: For more on Dell see our Fortune video.

Fortune has asked Dell for comment, and will update this story if the company responds.

About the Author
By Jonathan Vanian
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Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

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