website statistics

Dell's founder and CEO, Michael Dell, is actively working with a number of other stakeholders to buyout the company and render it private.
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

Dell has apparently been striving to go private since quite some time now. The efforts have been lead by Dell’s founder and CEO, Michael Dell, who intends to buy a majority stake in the company and conclude its status as a public entity. Once the deal is sealed, Dell will become a private company.


Dell

Although growing so much as to be able to go public is the dream of many entrepreneurs, going public brings a huge responsibility on the shoulders of company executives. We saw that in the case of Facebook when immediately after the company’s IPO, it had to face immense pressure to churn out better revenue and show a steady growth.

One of Dell’s chief strengths, ever since its inception, had been the PC business. But over the recent years, PC sales have taken a huge hit, thanks to the immense popularity of mobile computing. It may be because of this and certain other factors that Michael Dell intends to keep off the public pressure and make his company private, yet again.

It has been reported that he will be contributing a sizable chunk of the overall buyout amount which, in turn, would lend him a majority share in the firm once it goes private. Certain sources also claim that Microsoft has also jumped the bandwagon, possibly contributing as much as $3 billion to gain a foothold in the company.

The equity firm that is collaborating with Michael Dell to finalize the deal is Silver Lake. And it is expected that on Monday, we may get to hear the official announcement about this.

Source: Reuters

Courtesy: BGR

Buy Cheapest Related Product From Amazon.com


Netflix CEO Snubbed By SEC For Posting Company Milestones On Facebook

Foursquare Check-Ins Now Include Twitter Handles Of Businesses
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On February 4, 2013(3 years, 4 months ago.)

You May Also Like:

What Do You Think?

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

Siri might not understand the question you asked. But you can use Siri by editing the text that you asked & it will give an updated answer.
Perhaps, you are new Apple user and you might have no idea how to change name of your iPhone. Check out this tutorial to change the name.
Check out this tutorial to lock Android phone using PIN code, Password or Pattern. Following the easy steps, you can secure your smartphone.
If you could not figure out yet, how to save and send GIF from your iPhone, then this tutorial is just for you.
Google released 'Ambient Display' feature with Android 5.x Lollipop. Check the tutorial to know how to turn off Android’s Ambient Display .
Have you recently got your 3D Touch iPhone 6s and struggling to delete apps? Go through the tutorial to learn how to delete or move the apps.
Just read this tutorial by yourself and from now on, we will show you, how you can make your iOS device read text loudly for you.
If you're still struggling to take selfie on iPhone then check it out to know how to take photos from far using iPhone's headset as a remote.
Even if your iPhone is locked, people can reply from the lock screen. Check out, how to turn off the quick reply message from locked screen.
Have you forgot Apple ID password or having trouble signing in? Check out this tutorial to reset the password.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook