A PYMNTS Company

US: Dell looks to go private in potential $24B buyout deal

By  |  February 1, 2013
US: Dell looks to go private in potential $24B buyout deal

Sources say that Dell is reportedly planning to go private and selling itself to a buyout consortium led by Dell’s founder and chief executive Michael Dell and private equity firm Silver Lake Partners. Sources say the deal could amount to $24 billion – the largest leveraged buyout since the global financial crisis. According to reports, Dell would go private at $13-$14 a share. Michael Dell would take majority ownership; at present, he owns nearly 16 percent in the company. Parties involved in the matter declined to comment. Previous reports had suggested that Dell might be bought out by Microsoft for $1 billion to $3 billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full content: Reuters

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