Ailing Dell on track for £15bn buyout

Nikhil Kumar Author Biography

Nikhil Kumar

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.

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Monday 04 February 2013

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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.

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