The stock rocketed nearly 13% today after Bloomberg reported that the computer and gadget maker is talking with private equity firms about deals that could take it private. CEO Michael Dell owns 15.7% of the company, which should help firms allied with him to raise the money needed for a deal. But the business news service says that its unnamed sources note that talks “are preliminary and could fall apart” if partners can’t fund a deal or determine how they can cash out later. Dell has a market value of $21.4B following Monday’s stock boost. That’s still down 22.6% over the last 12 months — and more than 40% over the last five years. Dell has suffered from its inability to keep up with consumers’ demand for smart devices including smartphones and tablets.
Dell Shares Up On Report Of Buyout Talks
For all of Deadline’s headlines, follow us @Deadline on Twitter
Sign up for Newsletters
Trending Now on Deadline
More From Lieberman
- Now That He's At Carmike, Can Bud Mayo Lead Theaters' Alternative Content Revolution?
- Cable Milestone: Operators Have More Broadband Subs Than TV Ones
- Look Out Gannett: Carl Icahn Buys 6.6% Stake
- Warren Buffett Sends A Mixed Message To John Malone As He Buys Into Charter But Unloads Starz
- Citing “Insulting” Criticism, Comcast And Time Warner Cable Withdraw Funding For Dinner Honoring FCC Commissioner
- Televisa Partners With MiTu To Develop Spanish-Language Digital Content