The Dell Deal

The Dell Deal News

  • Biggest Buyout Gone Bust in Energy Future Dims Megadeals

    The failure of Energy Future Holdings Corp., known as TXU Corp. when KKR & Co., TPG Capital and Goldman Sachs Capital Partners acquired it for $48 billion in 2007, and the stumbles of other huge deals of the past decade have reshaped how major buyout firms go about their trade.

  • Dell’s Mitzvah Rescued Buyout as JPMorgan’s Lee Warned of Perils

    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.

  • Silver Lake Is Said to Be Near Financing on Dell LBO

    Silver Lake Management LLC and partners are close to lining up about $15 billion in funds for a buyout of Dell Inc., the third-biggest maker of personal computers, said people familiar with the matter.

  • Michael Dell Said to Consider Blackstone LBO Only With CEO Guarantee

    Dell Inc. founder Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions.

  • Dell’s Growth Slump Shows Urgency of Silver Lake Buyout

    Dell Inc.’s board is predicting another year of lackluster growth in fiscal 2014 as demand for personal computers ebbs, underscoring the urgency behind the company’s decision to be taken private, documents show.

  • Silver Lake’s Ties to Dell Help Firm Land Lead LBO Role

    Michael Dell is extending a lucrative relationship reaching back to the late 1990s with his pick of Silver Lake Management LLC, the largest technology-focused private-equity firm, to pursue a $24.4 billion leveraged buyout of his computer company.

  • Silver Lake’s Durban Cancels Appearance Ahead of Dell LBO Vote

    Egon Durban, the Silver Lake Management LLC partner leading the firm’s investment in the $24.4 billion buyout of Dell Inc., canceled an appearance at Fortune’s Brainstorm Tech conference today.

  • Dell Sales Top Estimates as Company Prepares for Buyout

    Dell Inc., the personal-computer maker planning to go private in a $24.4 billion deal, reported sales and profit that topped analysts’ estimates, reflecting server and software demand from companies even as PC sales drop.

  • Dell Lifts Default Risk on Next Buyout Targets: Credit Markets

    Derivatives traders are beginning to speculate that the potential leveraged buyout of computer maker Dell Inc. marks the return of credit-busting takeovers as the cost of financing the deals gets ever cheaper.

  • Dell’s Talks Said to Break Up a Few Times Over Pricing

    Last August Michael Dell approached the board of the computer company he had founded in 1984. He had a proposition: He wanted to take Dell Inc. private and told the board he was the right person to do so, according to people familiar with the matter.

  • Icahn Seen as Nothing Compared With Dell Turnaround

    When Michael Dell took his company public in 1988, the personal-computer maker’s biggest competitors were International Business Machines Corp., Compaq Computer Corp. and Gateway 2000. The headstrong founder was later quoted joking that his daughter’s first words were to “kill IBM” and his other rivals.

  • Icahn Asks Investors to Make Big Bet on a Debt-Laden Dell

    Billionaire Carl Icahn, seeking to scuttle a buyout led by Silver Lake Management LLC, is asking Dell Inc. investors to bet on a computer maker beset by rising competition, tumbling demand and a bigger debt load.

  • Dell CFO Gladden Resigns in Highest-Profile Exit Since LBO

    Dell Inc. Chief Financial Officer Brian Gladden, who helped oversee the leveraged buyout of the computer maker last year, is resigning and will be replaced by Corporate Controller Thomas Sweet.

  • Dell, Silver Lake Poised to Clinch $24.9 Billion Buyout

    Dell Inc. and Silver Lake Management LLC are poised to clinch a planned $24.9 billion leveraged buyout of the personal-computer maker after a seven- month battle over the company’s fate.

Editor's Picks

  • Dell’s Bigger Challenge Ahead in Turnaround After Buyout

    Now that Michael Dell has clinched a deal to take his company private, he faces the bigger challenge of turning a business falling behind in personal computers into a provider of high-margin cloud-computing tools and services.

  • Dell’s Drop Mirrors Descent of PC Industry in Mobile World: Tech

    Dell Inc. (DELL)’s path from personal- computer leader to buyout candidate mirrors the descent of an industry left behind by a raft of upstarts better equipped to capitalize on shifting consumer and business technology demands.

  • Dell Buyers Said to Swallow Stricter Terms to Sway Shareholders

    Michael Dell and Silver Lake Management LLC agreed to restrictions including a higher reverse breakup fee and limits on the ability to match bids for Dell Inc., striving to create a deal that would withstand shareholder scrutiny, said people familiar with the matter.

  • Dell Buyout Is Seen Triggering Lawsuits Over CEO’s Role

    Dell Inc.’s $24.4 billion leveraged buyout probably will draw criticism from some shareholders over a potential conflict of interest for founder and chief executive officer Michael S. Dell.

  • Microsoft Loan Is Said to Help Dell While Avoiding Favoritism

    Microsoft Corp. is using a $2 billion loan to help finance Dell Inc.’s $24.4 billion buyout to bolster one of the largest makers of computers using Windows software and fend off competition from Google Inc. and Apple Inc.

  • Payback Time? HP Tries to Nab Dell’s PC Customers

    Say this for Hewlett-Packard — the beaten-down computer maker still has chutzpah. A little more than an hour after rival Dell said it would go private in a $24.4 billion leveraged buyout, Hewlett-Packard made a bid to nab customers by saying Dell faces “a very tough road ahead.”

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