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India/US: Dell buyout approved as rivals threaten takeover bids

By  |  April 18, 2013
India/US: Dell buyout approved as rivals threaten takeover bids

As rivals threaten Dell with their own takeover bids, the Competition Commission of India has approved of the computer conglomerate’s takeover by Dell’s founder for $24.4 billion. Dell announced last month that competitive offers have been submitted from its largest shareholder Carl Icahn as well as private equity major Blackstone. Founder Michael Dell, as well as private equity firm Silver Lake Group, are now facing threats of being out-bid despite their granted approval of the deal within India.

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