Deal to give the money back to the shareholders, take beleaguered Dell private could happen Monday

“Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 billion, people familiar with the matter said on Friday,” Nadia Damouni, Soyoung Kim and Greg Roumeliotis report for Reuters. “The buyout consortium is negotiating taking Dell private at $13 to $14 per share, two of the people said. This translates into an equity valuation for the Round Rock, Texas-based company of between $22.6 billion and $24.4 billion.”

Damouni, Kim and Roumeliotis report, “The transaction is set to be finalized over the weekend and the timetable could still slip, the people cautioned, asking not to be named because the matter is not public… As part of the transaction, Michael Dell will contribute his existing stake of almost 16 percent in the company toward gaining majority ownership, sources close to the matter have said. The deal would mark the largest leveraged buyout since the global financial crisis. Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny.”

Read more in the full article here.

MacDailyNews Take: Ah, there’s nothing like bathing in a pool of schadenfreude before tapping the TGIF keg!

[Thanks to MacDailyNews Reader “Ed B. for the heads up.]

Related articles:
Dell Dude? Yup, he’s a Mac user now, too – January 30, 2013
Michael Dell wants to give the money back to the shareholders, take beleaguered Dell private – January 14, 2013
Apple now worth 38 times Dell’s market value – October 3, 2012
Apple now worth 36 times Dell’s market value – September 19, 2012
Apple now worth 35 times Dell’s market value – September 14, 2012
Apple now worth 34 times Dell’s market value – September 4, 2012
Apple now worth 33 times Dell’s market value – August 28, 2012
Apple now worth 32 times Dell’s market value – August 27, 2012
Apple now worth 31 times Dell’s market value – August 23, 2012
Apple now worth 30 times Dell’s market value – August 22, 2012
Apple now worth 28 times Dell’s market value – August 2, 2012
Apple now worth 27 times Dell’s market value – July 23, 2012
Apple now worth 26 times Dell’s market value – June 19, 2012
Apple now worth 25 times Dell’s market value – June 4, 2012
Apple now worth 24 times Dell’s market value – May 23, 2012
Apple now worth 23 times Dell’s market value – May 23, 2012
Apple now worth 22 times Dell’s market value – May 23, 2012
Apple now worth twenty times Dell’s market value – April 3, 2012
Apple now worth nineteen times Dell’s market value – March 26, 2012
Apple now worth eighteen times Dell’s market value – March 19, 2012
Apple now worth seventeen times Dell’s market value – March 12, 2012
Apple now worth sixeen times Dell’s market value – February 29, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
Apple now worth eight times Dell’s market value – May 21, 2010
Apple now worth seven times Dell’s market value – January 26, 2010
Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
Apple could buy Dell outright; Mac-maker has more cash on hand than Dell is worth – October 21, 2008
Apple now worth quadruple Dell’s market value – May 01, 2008
Apple now worth triple Dell’s market value – December 06, 2007
Apple now worth double Dell’s market value – July 27, 2007
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Apple now worth more than Dell – January 13, 2006

30 Comments

    1. I know right?! oh how the mighty’s………eyes have grown even closer together.

      Michael Dell is evolving into a cyclops.

      Perhaps Dell can use this time to focus on a “Singular Vision”

    2. Funny how the rabid drooling Apple fan boys laugh at Dell now, yet at the same time, want Apple to go private.

      Once Dell is private Wall Street will have more time to whinge over Apple.

      Then the diaper wearing fan boys can wish Apple was Dell.

  1. Truth really can be strange than fiction! Who would have believed this would happen one day to Dell? The headlines marking each time apple was X times larger than Dell must have gotten to him…

    1. “Who would have believed” ?

      Me. I work in a school system with 3,000 thin client Dell machines.

      The only saving grace for them is that they require a lot of maintenance, therefore the IT techs have a lot of experience with repeated issues, therefore they are “easy” to work on!

      See how life can be made so simple?

      1. Cornell University just wallows in Dells, with the Tech Department demanding they be purchased as we watch the new Bill and Melinda Gates Hall rise on campus as we speak. The IT dept. loves Dell, it’s job security while the staff stay counterproductive on old OS’s that run old Winblows software. Crashes, fighting virus and spyware, rebuilding, downtime, slow processing, and suffering through rewritten document names for files transferred to servers who’s OS is so crude it can’t handle a long title and s0 renames it with gibberish characters. But hey, we got that new building going for us.

  2. I hope we keep in mind that Apple’s successes these past 15 years wasn’t intended to teach Dell a lesson.
    I hope Apple keeps going on to bigger successes and never has to ever look back again.

  3. Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny.

    What’s Mikey trying to hide away from “public scrutiny” here?

  4. Mickey is doing what he would do if he was the CEO of Dell …..

    Geewhiz does anybody remember his speech in 1998, Micky said what you would do if he was CEO of Dell ….. Sell the company and return the money to the shareholders that’s what Micky said and he was CEO of Dell Computer …..

    Thought it was Dell but when I looked up, it was Apple ….. My mistake sorry guys / girls …. My error …..

    Hey Micky, what happened bro?

  5. Dell is trying to remake themselves as a cloud hosting company, however, every person I know (close to a dozen) who has used them for their company has said that they are absolutely TERRIBLE in every way shape and form.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.