Ailing Dell on track for £15bn buyout
Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.
Monday 04 February 2013
Dell, the once-mighty PC giant that has been struggling as consumers switch to smartphones and tablets, could within days be the subject of a management buyout aimed taking it private as its founder, Michael Dell, seeks to reposition the ailing business.
Rumours of a buyout worth up to $24bn (£15bn) have gathered pace, with Mr Dell and the private equity firm Silver Lake Partners said to be putting the finishing touches to a deal that could be announced within days.
Microsoft, whose Windows operating system has long powered Dell's range of laptops and desktops, is also said to be involved, with earlier reports indicating that it could contribute $2bn in equity to seal what would be the largest buyout deal since the financial crisis.
- 1 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 5 New theory could prove how life began and disprove God
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
iJobs Money & Business
£17000 - £25000 per annum: Recruitment Genius: An opportunity to join this new...
£18000 - £21000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£36000 - £44000 per annum: Recruitment Genius: Encouraging more businesses to ...