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Dell board said to be meeting tonight to vote on buyout deal

dell xps 13 ultrabook front 300x168 Dell board said to be meeting tonight to vote on buyout deal

Dell board said to be meeting

Rumors of a Dell buyout deal have been swirling for the past few weeks and now word is that Dell‘s board plans to vote tonight on whether to take the company private, according to Bloomberg.

The deal would offer Dell shares at $13.50 to $13.75 each, which totals around $24 billion, sources familiar with the negotiations told Bloomberg. The buyout could be announced as early as tomorrow morning.

Reportedly Microsoft, private equity firm Silver Lake Management, and company CEO Michael Dell will all contribute sizable investments in the deal. Michael Dell is expected to contribute $700 million, along with investing 15.7 percent of his stake in the company, which is valued at more than $3.6 billion. This would give him majority ownership of the new private firm.

If the company does go private it will be the largest technology leveraged buyout since the financial crisis hit in 2008, according to Bloomberg.

Like other PC vendors, Dell has been struggling to eke out sales in a sluggish market. The company has also seen its market share eroded by rivals such as HP, Lenovo, and Asus.

But Dell has worked hard to expand into other technology services, especially in the corporate market. Going private would give it the flexibility to ramp up that strategy without having to worry about making shareholders happy every quarter.

CNET contacted Dell for comment. We’ll update the story when we get more information.

[source:cnet]

Dell

4 comments

  1. Wavatar

    I’m usng Dell insp 15R wants the Dell webcam software please help how you can download.

  2. Wavatar

    Exactly what do u prefer Dell or Gateway?

  3. Wavatar

    I wish to re-install, but tend to not since the bot cannot be transformed

    how you can unlock dell password bios ? my dell xxxxxxx-1d3b

    my dell type latitude e5430

    thanks

    @helly .. I am unable to get it done, simply because they still seal .. when the seal is damaged, burnt warranty within my country

    @dell I have contact dell and that i requested the title from the purchase, whereas I purchased second-hands

  4. Wavatar

    May be the Dell Dimension 43005 a much better model than the usual Dell Dimension 4400? What year did they are available out?

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