LSI Corp.’s directors didn’t get the best price for the computer chipmaker in a $6.6 billion takeover by Avago Technologies Ltd. and structured the deal to unfairly bar competing bids, an investor said in a lawsuit.
When Ken Duberstein’s secretary told him Michael Dell was on the phone on the afternoon of July 31, there was little doubt about the topic. That morning, Dell Inc.’s special board committee had rejected the latest offer from Dell to take the personal-computer company private, a battle that was dragging into its 11th month.
Lytro Inc., the maker of a camera that lets pictures be refocused after they are taken, pulled in an additional $40 million in funding to release a redesigned device and get its technology into smartphones.
Silver Lake Management LLC, the private-equity firm said to be discussing a potential buyout of computer maker Dell Inc., has raised more than $7 billion for its latest fund, according to two people briefed on the matter.
Silver Lake, the largest technology-focused private-equity manager, is cutting fees for big clients as it seeks to raise as much as $10 billion for its next buyout fund, according to a marketing document.
Avaya Inc., the business communications and collaboration provider controlled by TPG Capital and Silver Lake Partners, is seeking to extend its $1.3 billion term loan B-1 to March 2018, according to a person with knowledge of the transaction.