Francisco Partners, Elliott Management near Dell software deal

Francisco Partners, Elliott Management near Dell software deal

A Dell logo is seen in this illustration picture taken in Sarajevo, Bosnia and Herzegovina, October 12, 2015. REUTERS/Dado Ruvic

Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in advanced talks to acquire Dell Inc’s software division for more than $2 billion, three people familiar with the matter said.

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