Dell near $23 bn mega-deal to take company private, report says

Feb 05, 2013

Dell is near sealing a $23-billion-dollar megadeal to take private the cash-rich but struggling computer giant as its retools for the post-PC era, The Wall Street Journal reported Monday.

"Late Monday, Mr. (Michael) Dell was in talks with Microsoft Corp. and private-equity firm Silver Lake Partners to offer shareholders between $13.50 and $13.75 a share, said people familiar with the matter, about a 25% premium to Dell's stock price in January before the possibility of a deal became public," the Journal reported.

"The buyout, if approved by shareholders, would be the largest such deal since the financial crisis," it added.

Dell has not commented on reports circulating in recent weeks which said the popular , which has slipped from its number one position and has struggled amid a shift to mobile devices, was preparing to go private.

The move, which would delist the company from stock markets, could ease some of the pressure on Dell, which is cash-rich but has been seeing profits slump.

The Texas-based computer-maker, which Dell started in his college dormitory room, once topped a of $100 billion as the world's biggest PC producer.

Explore further: The New York Times to cut 100 newsroom jobs

add to favorites email to friend print save as pdf

Related Stories

PC maker Dell to pay dividends

Jun 12, 2012

Struggling computer maker Dell announced Tuesday it will use some of its cash stockpile to pay shareholder dividends as it pursues a shift to services.

Dell: PC demand stable stabilizing

Jul 13, 2009

(AP) -- PC maker Dell Inc. said Monday it expects its fiscal second-quarter revenue to be slightly higher than in the first quarter, when sales plunged 23 percent to $12.3 billion.

Recommended for you

The New York Times to cut 100 newsroom jobs

8 hours ago

The New York Times Co. says it is cutting about 100 newsroom jobs through buyouts and layoffs in an effort to trim costs and focus more on its digital efforts.

What's PayPal's first solo move?

Sep 30, 2014

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

Sep 30, 2014

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

User comments : 0