Dell shareholders Carl Icahn and Southeastern Asset Management have teamed up to propose an alternative offer to founder Michael Dell’s $24.4 billion leveraged buyout deal. → Read More
Blackstone has reportedly withdrawn its bid for Dell, leaving the way open for founder Michael Dell and Silver Lake to buy out the company, reports Reuters. → Read More
Dell announced today that it has filed its initial proxy materials with the SEC in connection with a merger agreement between Dell, its Chairman and CEO Michael Dell and Silver Lake Partners. Under the terms of the deal, shareholders would received $13.65 in cash for each share of stock, which would be valued at about $24.4 billion. → Read More
Carl Icahn has said he is open to a partnership with Blackstone Group in a move that could make it easier for the rival investors to overtake Michael Dell’s $24.4 billion buyout bid for the company he founded, reports Reuters. This means Michael Dell could also potentially lose control of the PC maker he founded when he was 19. → Read More
Dell’s board is looking at two surprise takeover bids from Blackstone Group and billionaire activist investor Carl Icahn, reports Reuters citing sources close to the discussion. A special committee is deciding whether either proposal would trump an existing $24.4 billion buyout offer from the PC maker’s founder Michael Dell and private equity firm Silver Lake. → Read More
Dell has indeed made the decision to go private, according to reports today from The AP and other sources. The deal reportedly involves a leveraged buyout worth $24.4 billion by company founder Michael Dell and partners. Talks about Dell going private have been growing this year, with reports last week saying that Michael Dell was offering up to $1 billion of his own funds to take control of the… → Read More
Michael Dell is trying to get control of Dell, Inc. with as much as $1 billion of his own personal funds. His goal: shift the company’s focus from PC sales to a more enterprise focused company that can operate without the pressures of being a publicly traded company. → Read More
Russian company Nginx raised $3 million from German BV Capital, Russian Runa Capital and MSD Capital, Michael Dell‘s venture fund, as reported by RBK Daily. Founded by Russian engineer Igor Sysoev 10 years ago, Nginx develops and maintains an open source Unix-based web and mail proxy server for large scale, fast paced, content heavy web sites. TechCrunch, Facebook, Groupon and WordPress.org… → Read More
following the resignation of Kevin Rollins. Dell is also the current Chairman of the Board for the company. Dell started the company back in 1984 with a $1,000 and a dream of putting small, independent computer builders out of business cutting out the middleman and selling PCs directly to consumers. As for the future, now that he’s CEO again, things are only going to get better. “Dell… → Read More
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