Dell Capital Management, the parent company of Dell Financials, has taken over Dell Capital, the company’s parent company.
Dell Capital’s chief executive officer, James Hsieh, confirmed to The Wall Street Journal that the move was made.
Hsiei confirmed that Dell Capital is the new holding company for Dell Capital and that it has been formed to be part of Dell Capital.
Hsu said that the new company will be headed by co-founder and chairman James Hsu.
The deal is subject to approval by the Securities and Exchange Commission.
Hsien said that Dell Financial is the “next chapter in Dell Capital.”
“This is a very significant opportunity for us and a great day for the financial community,” he said.
Dell is currently valued at about $25 billion, and it is a company that has been working with banks to launch financial services.
Dell Financial was a pioneer in the technology industry.
It pioneered financial products that allow users to transfer money instantly and easily between multiple financial institutions.
The company also created a suite of products for banks to manage money.
The acquisition of Dell would make Dell Capital a major player in the financial industry.
Dell also has a significant stake in its own banking subsidiary, which has been focused on expanding its financial services business.
The new company’s name is unclear, but it is believed to be Dell Financial, which is an abbreviation of Dell, Capital and Finance.
Hsi and Hsieb said that Hsu, who is a Dell Capital employee, will be the new CEO.
Dell will continue to be the financial services arm of Dell.
Hui said that there are no immediate plans for any acquisitions of Dell assets.
“I am very confident that Dell is a great investment, and we look forward to continuing our collaboration with Dell Capital,” Hsiep said.
Hsun Wang, the founder of Dell Ventures, a venture capital fund, confirmed the deal in a tweet.
“Dell is looking to acquire Dell Capital to continue to build the industry’s best technology portfolio,” Wang wrote.
“This merger will further align Dell’s growth strategy with the broader technology and financial industry.”