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

Reuters News
Posted: Sep 12, 2016 8:39 AM

(Reuters) - Canadian business software maker OpenText Corp <OTC.TO> 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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(Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)