Dell finalises offer for takeover of Perot Systems

Dell announced on Tuesday that it has completed its $3.9bn (£2.3bn) offer to buy technology and business solutions provider Perot Systems. Dell has accepted Perot's stock at $30 a share, and will own 90 percent of the company.

The takeover of Perot has created a new business arm called Dell Services, which will provide IT services to customers, and extend Dell's reach into technology hosting, consulting and application outsourcing, among other segments.

Former Perot chief executive Peter Altabef will become president of Dell Services, reporting directly to Dell chairman and chief executive Michael Dell.

CNET News has the full story on Dell's takeover of Perot Systems.