Michael Dell Seeks Majority Control of Dell Computer Using His Own Money
January 30, 2013 9:18 AM
comment(s) - last by
Michael Dell could use as much as $1 billion of his own money
Dell has seen its share of the computer market slip away, and profits are on the decline while
rivals like Lenovo are growing rapidly
. Dell is currently a publicly traded company, but investors and founder Michael Dell are in the process of trying to take the company private.
reports that Dell founder Michael Dell is seeking majority control of the company and would use up to $1 billion of his own personal funds to take his current 15.7% stake to a majority stake.
If Dell Inc. goes private and Michael Dell is able to get his ownership past 50%, he would be able to reposition the company without being subject to the scrutiny and stock fluctuations that can hinder publicly traded companies. Michael Dell's 15.7% of his namesake company is estimated to be worth $3.6 billion as of close yesterday.
By putting up $500 million to $1 billion in addition to his current shares, Michael Dell would have roughly half of the $8 billion to $9 billion equity needed to take the company private.
reports that in addition to Michael Dell's own money and shares, Silverlake and Microsoft would each invest in the area of $1 billion to $2 billion.
Microsoft was initially tipped to be investing as much as
This article is over a month old, voting and posting comments is disabled
Obligatory Apple/Dell reference...
1/30/2013 11:48:48 AM
So, is he going to just liquidate it and return the money to the (rest of the) shareholders then?
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
Lenovo Posts Record Earnings for Fiscal Q3, Outpaces Industry Performance
January 30, 2013, 8:43 AM
Microsoft to Pour up to $3B USD Into Dell to Help it go Private, Survive
January 22, 2013, 2:07 PM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information