Perot Systems To be Purchased by Dell for $3.9 Billion

Today Dell hits the news by announcing the purchase of Perot Systems (The information technology provider Company)for $3.9 billion as it seeks to expand beyond its core personal computer business.

Michael Dell, the company’s founder and chief executive, has spent much of the recession talking about directing his company’s cash stockpile toward acquisitions, particularly in the services arena, The New York Times’s David Jolly and Ashlee Vance report. By agreeing to buy Perot Systems, for $30 a share in cash, Dell has made just such a purchase.

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