A PYMNTS Company

US: $24.4B offer for Dell complicated by skepticism, ailing PC market

By  |  July 7, 2013

Shares for technology giant Dell fell last Friday as buyout group Silver Lake Partners was rumored unlikely to raise its $24.4 billion bid to buy the computer company as its founder, Michael Dell, looks to take the company private. Sources said last week the offer will not likely increase, and reports say the deal is complicated due to the ailing PC market. Further, Michael Dell was advised to up his bid or make a more promising offer to shareholders if the buyout is to be approved by the board. The CEO did not comment on his plans concerning the matter, however.

Full Content: Business Spectator

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.