Prosper Marketplace Inc., the peer-to- peer lender that until last year was struggling to stay in business amid investor lawsuits and regulatory burdens, is now valued at $650 million, according to a person with knowledge of the company.
Dell Inc. received proposals from Blackstone Group LP and billionaire Carl Icahn that would rival the $24.4 billion leveraged buyout offer from founder Michael Dell and allow shareholders to keep a stake in the company, according to people with knowledge of the matter.
Blackstone Group LP and activist investor Carl Icahn submitted proposals to buy Dell Inc. that would rival a $24.4 billion buyout offer from Silver Lake Management LLC and company founder Michael Dell, according to people with knowledge of the matter.
Blackstone Group LP, the world’s largest private-equity firm, ended talks to buy Brocade Communications Systems Inc. because the price was too high for a leveraged buyout, said a person with knowledge of the situation.
Electrical Components International Inc., a maker of wire harnesses for appliances, won court approval of its restructuring plan, paving the way for the company to exit bankruptcy after less than two months.
After days of discussions, Blackstone Group LP and Dell Inc.’s Michael Dell have yet to tackle a critical issue, according to a person with knowledge of the matter: what role he would play if the private-equity firm wins the bidding for the computer maker.