Earlier this morning Dell Inc. (NASDAQ: DELL) announced that it would acquire network security firm SonicWall Inc. from private equity firm Thoma Bravo LLC and the Ontario Teacher’s Pension Plan. No price was announced.
Now The Wall Street Journal reports that Dell paid $1.2 billion for the firm, about 67% more than the $717,000 Thoma Bravo and the pension fund paid for SonicWall in 2010.
Neither Dell nor Thoma Bravo would comment on the WSJ report.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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