Blackstone, Icahn submit counterbids for Dell

A bidding war for computer and server company Dell could be looming in the horizon two other investment groups sent out preliminary offers that rival the $24.4 billion proposed offer for the hardware and software by Silver Lake Partners and Michael Dell.

Dell has set up a special committee to review separate counter offers out forward by private equity fund manager Blackstone Group LP and Icahn Enterprise.
Michael Dell

Founder Dell and Silverlake are offering $24.4 billion or $13.65 per share for the company. They have since raised their by $4 billion in six stages during the negotiations, according to a report from

Blackstone’s offer amounts to “in excess of $14.25 per share” and shareholders can receive that either in cash or stock, according to a statement from Dell.


Troubled Dell goes private
Dell going Private might mean a PC exit

Icahn wants to acquire as much as 58 per cent of Dell’s outstanding shares for up to $15 per share up to an aggregate of more than $15 billion in cash. The group already controls 80 million Dell shares.

The report did not say if Michael Dell’s group plans to provide another counter offer.

The PC market slump has impacted Dell’s revenues and the company has recently refocused its efforts in propping up its profitable software and services business.

The company may be able to make these changes more effectively without pressure from public investors it went private.

Read the whole story here

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Stemming the tide of cybercrime

By: Derek Manky Technology continues to play a significant role in accelerating...

Power through a work-from-anywhere lifestyle with the LG gram

“The right tool for the right job” is an old adage...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now