Here's Why Dell Went Overboard And Spent $2.4 Billion To Nab Quest Software

via businessinsider.com

Dell and Quest software officially revealed what the world already knew: that Dell was in a bidding war against a band of private equity firms to buy Quest Software.

The two companies announced that Dell would buy Quest for $2.4 billion -- slightly more than Dell's own last bid of $2.32 billion

Dell will pay $28 a share for Quest -- or $5 more per share than what Quest was willing to take before the bidding war started in May.

Quest's chairman and CEO Vinny Smith didn't want to sell to Dell, reports the Wall Street Journal. Smith wanted to sell to private equity firms Insight Venture Partners and Vector Capital. This set off a tug-of-war for the company. Smith wanted to sell to the private equity firms so badly, that in June, when they were able raise enough funds to offer $2.17 billion and top Dell's latest bid, Quest issued a press release announcing the deal with them.

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The Quest to Upgrade the Internet

via theotherchris.com

America was settled by corporations. Popular myth focuses on the pilgrims: Puritans who came to the new land seeking to escape persecution and establish a colony under their own religious ideas, but these people were not the first nor were they the largest or most successful European group to settle in America. Corporations were. They came because there was potential for great wealth in settling a “new” land. They were incorporated because the risk was great.

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