NTT Reportedly In Talks To Buy Dell's Perot Systems

(RTTNews) - Japan's Nippon Telegraph & Telephone Corp. (NTT) is in negotiations to buy Perot Systems, the information-technology consulting division of Dell Inc., for several billion dollars, according to reports citing people familiar with the matter.

Nikkei newspaper reported earlier Tuesday that NTT was nearing a deal for the Dell division. The situation was still fluid and the price and scope of the acquisition have yet to be decided.

Perot Systems was founded by former U.S. presidential candidate Ross Perot and sold in 2009 to Dell for $3.9 billion. Dell is in the midst of acquiring storage vendor EMC Corp. for tens of billions of dollars, and a potential sale of Perot Systems could raise cash to help finance the EMC deal.