Dell Shareholders Back Michael Dell's Takeover Offer
The board at Dell said that a takeover bid led the company's founder and CEO is in the best interest of shareholders at the slumping PC maker.
The board at Dell said that a takeover bid led the company's founder and CEO is in the best interest of shareholders at the slumping PC maker.
Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take company private.
Dell's board has determined that the bids from buyout specialist Blackstone and Icahn could be superior to a proposal from CEO Michael Dell and Silver Lake Partners.
Microsoft is in discussions to invest between $1 billion and $3 billion of mezzanine financing in a buyout of Dell, CNBC cited unidentified sources as saying on Tuesday. Private equity outfit Silver Lake Partners is trying to finalize a bidding group to take the world's No. 3 PC maker private.
A group of private-equity investors is calling on the CEO of Chinese Internet giant Alibaba Group to throw his support behind a buyout offer for Yahoo, Reuters reports. Alibaba founder Jack Ma is reportedly considering his options regarding the U.S. firm that holds a 40% stake in his company.





