The Dell XPS 13 ultrabook.
(Credit: Dell)
It was assumed just a couple of months ago that Dell would go private with a $24.4 billion buyout under founder and CEO Michael Dell and private equity firm Silver Lake.
But several wrenches have been thrown into that plan.
Dell confirmed earlier this week that it had two possibly "superior" buyout bids, one coming from activist investor Carl Icahn and the other from private equity firm Blackstone. This means that if one of these two other potential bidders gets the prize, there could be a monumental power shift in the company.
Michael Dell is allegedly now saying that he will only support a Blackstone buyout if he remains the company's CEO, according to Bloomberg.
A person familiar with the matter told Bloomberg that the company's founder had several meetings with Blackstone executives regarding the potential bid. These meetings have been private and negotiations on a possible deal are ongoing.
Dell announced in February that it had plans to take the company private via a $24.4 b... [Read more]
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