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Buyout deal to take Dell private could be announced on Monday

Corey

By Corey
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Corey Apprentice

Corey

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Dell Buyout Deal
Dell (DELL) founder and CEO Michael Dell is reportedly near reaching an agreement that would see him take Dell private and leave him as its majority owner. The deal has been in the works for some time and according to multiple unnamed sources speaking with Reuters, it could be finalized over the weekend and announced on Monday. Earlier reports suggested Dell is working with private equity firm Silver Lake to finance the buyout, and as much as $3 billion could come from Microsoft (MSFT), pushing the world's largest software company further into the Windows hardware business. Reuters was seemingly unable to confirm whether or not the "Dell Dude" will be brought back onboard as part of the deal.1WnT5cBN92o

 

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