Michael Dell negotiating buyout at $13-$14 per share - sources

NEW YORK Sat Feb 2, 2013 12:04am IST

Michael Dell Chairman and CEO of Dell Inc. arrives at the launch event of Windows 8 operating system in New York, October 25, 2012. REUTERS/Lucas Jackson/Files

Michael Dell Chairman and CEO of Dell Inc. arrives at the launch event of Windows 8 operating system in New York, October 25, 2012.

Credit: Reuters/Lucas Jackson/Files

Related Topics

Stocks

   
A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

NEW YORK (Reuters) - Michael Dell, the chief executive and founder of the world's No. 3 PC maker, is negotiating taking Dell Inc private together with his partners at $13 to $14 per share, two people familiar with the matter said on Friday.

A deal could come as early as Monday, people familiar with the matter told Reuters earlier on Friday, cautioning that talks were ongoing and that the timetable could slip.

Michael Dell is expected to take majority ownership of the Round Rock, Texas-based company, while private equity firm Silver Lake and giant software company Microsoft Corp (MSFT.O) would become minority investors, the people said.

Dell did not immediately respond to a request for comment, while Silver Lake and Microsoft declined to comment.

The deal would mark the largest leveraged buyout since the global financial crisis. Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to carry out a challenging makeover away from public scrutiny. (Reporting by Greg Roumeliotis in New York; Additional reporting by Poornima Gupta in San Francisco and Bill Rigby in Seattle; Editing by Gerald E. McCormick)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage