(Changes sourcing, adds details from statement, adds background)May 2 (Reuters) - Computer maker Dell Technologies Inc 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 https://www.wsj.com/articles/new-york-faces-likely-congressional-redistricting-fight-after-latest-u-s-census-11619996400?mod=latest_headlines that Dell was nearing a deal to sell Boomi. 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. (Reporting by Derek Francis in Bengaluru; Editing by Kim Coghill and Gerry Doyle)

Source: Wall Street Journal June 16, 2024 11:30 UTC