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
What's Hot on Deadline
Latest Business News
- Want Full California Tax Credit? Bill Says Keep The Music Scoring Local
- Paramount Whistleblower: Emails Reveal Studio Officials Tried To "Freak Her Out"
- Warner Bros Renews Redbox Distribution Deal With 28-Day Delay
- Steven Weinstock & Glenda Hersh Top True Entertainment And Original Media
- Jane Street Producers Vote To Join WGA East After Company Brass Urged Against It
- NBCU Taps Eric Lerner To Run WNBC