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: IBM earnings dip as sales fall again

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

IBM earnings dip as sales fall again

15 hours ago

Technology heavyweight IBM reported Monday lower profits in the first quarter following another drop in revenues, this time partly due to the strong dollar.

Global, Chinese automakers debut new car models

Apr 20, 2015

Ford showed off its new Taurus and Nissan unveiled a midsize sedan designed for China on Monday at a Shanghai Auto Show that highlighted the commercial resurgence of lower-priced Chinese auto brands.

Germany still has some way to go to 'smart factories'

Apr 19, 2015

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.