Private equity firms reportedly in Dell buyout talks
Struggling PC manufacturer Dell is reportedly immersed in takeover talks with private equity firms over a potential buyout of the business after the firm lost a third of its market value over the past year.
TPG Capital and Silver Lake are the names in the frame over the bid, according to Bloomberg, with a deal possible by as early as this week- if the negotiations pan out favourably.
An Injection of capital into the $18.9bn firm would assist it in fending off increasingly ferocious competition by refocusing business toward business as consumers increasingly shun PCs in favour of tablets and smartphones.
Dell’s stock leaped 13% on the back of the news of what would be the largest buyout of a technology firm since 2007.