EMC may buy Texas database web hosting biz SoftLayer

Posted on March 15, 2013

SoftLayer Technologies Inc., a large Dallas database web hosting company, is in talks with at least two large suitors, EMC Corp.and International Business Machines Corp.,about a possible buyout that could be worth $2 billion.

That’s according to Reuters, which cited unnamed individuals familiar with the proposed deal.

SoftLayer has hired investment bankersMorgan Stanley and Credit Suisse to assist in a possible sale, Reuters said.

Acquired by the California private equity firm GI Partners in August 2010, SoftLayer was approached by Dallas-based AT&TInc. in recent months about a possible takeover, although AT&T is no longer involved in the sale process, Reuters said.

A SoftLayer spokesman declined to comment.

Spokespeople weren’t immediately available Friday for AT&T (NYSE: T), IBM, EMC, Morgan Stanley or Credit Suisse.

Jeff Bounds, Dallas Business Journal.