Microsoft in talks to invest up to $3 billion in Dell: CNBC
SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) is in discussions to invest between $1 billion and $3 billion of mezzanine financing in a buyout of Dell Inc DELL.O, CNBC cited unidentified sources as saying on Tuesday.
Private equity outfit Silver Lake Partners is trying to finalize a bidding group to take the world's No. 3 PC maker private, and has opened discussions with potential equity partners, sources familiar with the matter have said.
Dell also has formed a special committee to take a close look at any potential deal on the table, multiple sources with knowledge of the matter told Reuters. If successful, it would be one of the largest corporate buyouts since before the global financial crisis.
Microsoft, which accelerated its foray into computer hardware in 2012 with the launch of the Surface tablet, will provide the capital in the form of mezzanine financing according to CNBC, which is a hybrid of debt and equity.
Microsoft and Dell both declined to comment on the CNBC report. Shares in Dell gained climbed 2 percent to $13.08 in late morning trade.
(Reporting by Edwin Chan; Editing by Gerald E. McCormick and Tim Dobbyn)
- Tweet this
- Share this
- Digg this
- Eight bodies found after attack on Guinea Ebola education team
- PM Modi says al Qaeda will fail in India - CNN
- EU relief at Scotland's "no" tinged with fear of nationalism
- UPDATE 7-Scots spurn independence in historic vote, nationalist leader resigns
- CORRECTED-UPDATE 2-SAP agrees to buy expense software maker Concur for $7.3 bln
India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday. Full Article
Obama to nominate Indian-American Richard Verma as India ambassador - congressional source. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article