The following appears on cmswire.com


By  – Michael Dell has made significant progress in raising the cash he needs to close on the long awaited acquisition of storage giant EMC.

Following 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.


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