Dell Inc has won U.S. antitrust approval to buy IT management company Quest Software Inc, the Federal Trade Commission said on Monday.<\/p>\n
Dell had said in early July that it would buy Quest for $2.4 billion to expand its software business and reduce dependence on the declining personal computer market.<\/p>\n
The FTC put the transaction on a list of deals that it and the Justice Department’s Antitrust Division have been able to approve quickly. The list is issued several times a week.<\/p>\n
Dell sparked a bidding war in June when it offered $25.50 per share for Quest, an enterprise management software maker, topping an initial offer by private investment firm Insight Venture Partners in March of $23 per share.<\/p>\n
Dell has been diversifying recently, giving up low-margin sales to consumers and moving into higher-margin areas, such as catering to the technology needs of small and medium-sized businesses in the public sector and the healthcare industry.<\/p>\n
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