Dell closing in on $23 billion private dealFebruary 5 - 9am
Dell are close to finalising a US$23 billion deal to make the company private, expected at between $13.50 and $13.75 a share.
The multinational company have been rumoured to be in talks with private equity firms about a possible move to go private since the turn of the year.
Microsoft have been in talks with the company and are alleged to have fronted a couple of billion dollars as part of the deal.
The buyout would be the largest transaction since the financial depress, and reflects the wealth of founder Dell, Microsoft and private equity firms Silver Lake Partners and other investment banks.
When asked two years ago whether he ever considered taking his computer private, CEO Michael Dell’s answer was a simple “Yes”.
For more details of the buyout, keep checking Techday through out the day.
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