Michael Dell plans to raise his stake to 51% - report

Wednesday 30 January 2013 | 10:03 CET | News
Michael Dell plans to invest USD 500 million to USD 1 billion of his own funds into Dell to take majority control of the PC company he founded, reports Bloomberg, citing unnamed people familiar with the situation. He currently holds a 15.7 percent stake, worth around USD 3.6 billion. Dell is close to reaching an agreement on a buyout led by Silver Lake Management. Bloomberg writes that the move would give Dell more room to steer the company as the industry shifts away from PCs towards mobile and Cloud computing. None of the companies mentioned would comment on the matter.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Dell EMC / Microsoft
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Dell ready to extend deadline if better offer arises

Published 07 Mar 2013 10:05 CET | World
The special committee of Dell's board of directors said it is working hard to produce the best outcome for Dell shareholders. The ...

Icahn buys around 6% of Dell - report

Published 07 Mar 2013 09:08 CET | World
Carl Icahn has bought nearly 100 million shares in Dell, giving him around 6 percent ownership, CNBC reports, citing unnamed ...

Southeast seeks higher valuation for Dell's USD 24 bln LBO

Published 11 Feb 2013 08:32 CET | World
Southeast Asset Management, an 8.5 percent stakeholder in Dell, has written to the company's board to oppose CEO Michael Dell's ...

Michael Dell, Silver Lake to buy Dell for USD 24.4 billion

Published 05 Feb 2013 20:10 CET | World
Dell's board has approved a definitive agreement under which it will be fully acquired by Michael Dell, its founder, chairman and ...

Overname Dell een feit

Published 05 Feb 2013 16:50 CET | World
Dell is definitief overgenomen door oprichter Michael Dell en private equity partij Silver Lake. Microsoft schiet bij met een ...

[Update]'Microsoft investeert twee miljard in overname Dell'

Published 05 Feb 2013 08:29 CET | World
Microsoft zou twee miljard dollar willen investeren in Dell, meldt Reuters op basis van bronnen die bekend zijn met de materie. ...

Microsoft joins Dell takeover consortium - report

Published 23 Jan 2013 10:41 CET | World
Microsoft is in talks to join the investor consortium acquiring Dell, according to a number of press reports. People familiar ...

Silver Lake leads talks for Dell LBO - report

Published 16 Jan 2013 09:10 CET | World
Private equity firm Silver Lake Partners is in talks with Dell for a leveraged buyout at around USD 13-14 a share, a person ...

Dell in buyout talks - report

Published 15 Jan 2013 07:54 CET | World
Dell is in talks with two private-equity firms about taking the US computer maker private, Bloomberg reports, citing two people ...

Global PC shipments fall 6.4% in fourth quarter

Published 11 Jan 2013 09:52 CET | World
Worldwide shipments of desktop PCs, notebooks and netbooks saw their first fourth quarter decline in five years in 2012, ...