[Breaking] Dell Could Be Acquired By A Private Consortium Firm (In Association With Microsoft) For $24 Billion !

Must Read

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go...

Dell could be acquired for $24.4 Billion; Computer giant Dell Inc is almost done with a deal to sell itself to a Private Consortium Firm for nearly $24 Billion. According to a latest report from Reuters, the Private Consortium Firm will be headed by Michael Dell, founder of Dell Inc, besides private equity firm Silver Lake and Microsoft.

Reportedly, the new firm is at the final stage of negotiation, expected to close at $13 to $14 per share to acquire Dell Inc – world’s third largest computer manufacturing firm. While Michael Dell is expected to hold majority of shares, Microsoft and Silver Lake would also have their control over Dell as minority investors, sources said.

Dell acquisition

Interestingly, the whole setup is apparently been triggered by Barclays Bank – one of the current investors in dell Inc as the bank is also advising Silver Lake for the possible buyout. The investment group has already secured $15 billion of debt financing to take over Dell Inc from existing investment banks – Barclays, Credit Suisse, Bank of America and RBC.

Advertisements

The deal is expected to conclude by weekends, according to sources. However, there are possibilities to stretch the negotiation little longer making the conclusion delayed for another few days.

As per the new arrangement, Michael Dell will serve his 16% shares in Dell Inc against the majority control in new consortium, according to Reuters who cited the source from people familiar with the complete development.

The whole exercise seems to be a part of Dell’s strategy to give it a face lift in market and to present itself as one-stop shop for all IT related needs, something Michael Dell is trying to do for long.

Since Michael Dell would hold the majority stake in new consortium, Dell Inc has formed a committee of independent directors and hired Evercore Partners Inc to ensure the best deal for the company and not benefiting only Michael Dell.

If the acquisition concludes on positive note, surely it’s going to be a path-breaking development in PC market, something which HP and Lenovo may not like much.

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

The Slip-Ups Keep On Coming: WhatsApp Web Users’ Mobile Data Leaked On Google

As the developments have unfolded over the past week, the clock for WhatsApp seems to be ticking with every passing minute and...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go after China’s second-biggest smartphone marker...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out HarmonyOS later in 2021 as...

Battle Lines Are Drawn: Qualcomm’s Latest Acquisition to Challenge Apple, Intel

The quest to gain supremacy creates a butterfly effect for sure. With the challengers and the champion pulling out all stops to...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This