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

   

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

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

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