The Dell Deal

The Dell Deal News

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.
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.
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.
Blackstone Says ‘Anemic’ Economy May Drag on Investing

Blackstone Group LP, the world’s biggest buyout firm, said first-quarter profit rose as market gains lifted the carrying value of its holdings. The shares fell after the company said a lackluster economy may curtail investing.
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’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 Agrees to Limit Dell Stake as LBO Alternatives Pursued

Billionaire investor Carl Icahn agreed to accumulate no more than a 10 percent stake in Dell Inc. as he continues to pursue an alternative to a $24.4 billion leveraged buyout by founder Michael Dell.
Dell Said to Plan Shareholder Meetings to Assess LBO Demands

Dell Inc. is setting up meetings with shareholders to assess their demands for getting its $24.4 billion buyout done and also preparing a public response to critics of the deal, said people with knowledge of the situation.
Dell Pressed to Sweeten LBO Bid Amid T. Rowe Opposition

Dell Inc., the computer maker that agreed to a $24.4 billion buyout this month, is coming under increased pressure to make the deal more attractive to shareholders who say the transaction undervalues the company.
Blackstone, Icahn Bids Said to Let Investors Keep Dell

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.
Dell Sets Rate on $3.25 Billion Portion of Loans for LBO

Dell Inc., the personal computer maker being acquired by Silver Lake Management LLC and Chief Executive Officer Michael Dell, set the rate it will pay on $3.25 billion of loans it’s seeking to support the buyout, according to a person with knowledge of the transaction.

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.”