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

By  |  February 1, 2013

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.

 

Full content: Reuters

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