Dell acquires the company which was heading for a listing, that had excluded its largest shareholder Advanced Equities from an advisory role due to regulations defining this as a conflict of interest.
US-based computer company Dell has acquired data company Force10 Networks, paying a reported $700m.
Dell bought Force10 after it had filed for a $100m flotation. Terms were undisclosed, but news provider Wall Street Journal said Dell had paid $700m.
Advanced Equities, an investment and advisory boutique which is the largest shareholder in Force10 Networks and helped the networking equipment maker raise several rounds of venture capital, was removed as an underwriter for the portfolio company’s initial public offering.
Force10 said…
