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Dell's founder and CEO, Michael Dell, is actively working with a number of other stakeholders to buyout the company and render it private.

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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

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  On February 4, 2013(1 year, 2 months ago.)

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