Dell is nearing an agreement to sell itself to a buyout
consortium led by its founder and Chief Executive Michael Dell and private
equity firm Silver Lake Partners, possibly announcing a deal as soon as Monday,
two people familiar with the matter told CNBC
Michael Dell is expected to take majority ownership of the
world's third-largest personal computer maker, which currently has a market
value of $23 billion, while Silver Lake and Microsoft Corp would become
minority investors, a third person familiar with the matter said.
The final price the group is expected to pay Dell
shareholders could not be immediately learned. The deal would mark the largest
leveraged buyout since the global financial crisis. The transaction is set to be finalized over
the weekend but the buyout consortium is working on last-minute details and the
timetable could still slip, the people cautioned, asking not to be named
because the matter is not public.
Read all about it at http://www.cnbc.com/id/100425886
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