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, 3 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

Have you forgot Apple ID password or having trouble signing in? Check out this tutorial to reset the password.
Even if iPhone is muted, still Siri's voice is loudly chime. Now you can change the setting to silence Siri using your iPhone's mute switch.
Check out how to teach Siri about nicknames and relationships of the important people in your life in order to make your life easier.
Has your iPhone suddenly turned black & white? Check out this tutorial to know possible reasons & how to fix iPhone screen with few taps.
Check out this tutorial to download FREE movies and TV Shows streaming Showbox app and install it on your Android smartphone or tablet.
Parental Controls allows you to put restrictions on apps or content that can or can not be used by anyone else on your Apple iPhone or iPad.
If you want to print from iPhone without using any computer, check this out to connect and print wirelessly right from the Apple device.
Using Siri, anyone can bypass the Passcode even if iPhone or iPad is locked. Check out this to know how you can disable Siri on lock screen.
Floatify will let you quick reply to the messages or emails through notification bar using your Android Lollipop or Marshmallow.
If you do not know to do face swap, check out this tutorial to learn how the new Snapchat face swapping feature actually works.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook