The following appears on cmswire.com
By acquisition of storage giant EMC.
Michael Dell has made significant progress in raising the cash he needs to close on the long awaitedFollowing its $20 billion sale of investment grade secured bonds in May, it sold off $3.25 billion worth of junk bonds earlier this month to help finance the deal.
Monday, the company raised an estimated $2.2 billion more by selling its software business, Dell Software, to Francisco Partners and Elliott Management.