Reuters – Dell Nears Buyout Deal
Dell Inc. is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners, possibly announcing a deal as soon as Monday, Reuters reported, citing two people familiar with the matter. Michael Dell is expected to take majority ownership of the world's third-largest personal computer maker, which currently has a market value of $23 billion, while Silver Lake and Microsoft Corp. would become minority investors, a third person familiar with the matter said. The final price the group is expected to pay Dell shareholders could not be immediately learned. The deal would mark the largest leveraged buyout since the global financial crisis.
1 February 2013•2 mins read
