Reuters: Technology News: Dell founder may control PC maker after buyout: Bloomberg

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Dell founder may control PC maker after buyout: Bloomberg Jan 30th 2013, 14:19 Tweet Share this Email Print Related News Exclusive: Thermo Fisher weighs Life Tech takeover-sources Tue, Jan 29 2013 Deals of the day - mergers and acquisitions Fri, Jan 25 2013 Life Tech exploring potential sale, shares soar Fri, Jan 18 2013 Silver Lake seeks investors in Dell deal: sources Fri, Jan 18 2013 Temasek won't join Silver Lake for Dell buyout: source Thu, Jan 17 2013 Analysis & Opinion Davos desperately seeking the next Internet Essential reading: Greek tax probe launched, and more Related Topics Investing and Taxes Simplified » Tech » A man wipes the logo of the Dell IT firm at the CeBIT exhibition centre in Hannover February 28, 2010. Credit: Reuters/Thomas Peter NEW YORK | Wed Jan 30, 2013 9:19am EST NEW YORK (Reuters) - Dell Inc's founder and chief executive may pay as much as $1 billion out of his personal fortune to assume control of the world's No. 3 PC maker in a leveraged buyout, Bloomberg News reported on Wednesday citing people familiar with the matter. Michael Dell may contribute equity financing of $500 million to $1 billion in addition to his approximately 16 percent stake in Dell, worth about $3.6 billion, to push his ownership above 50 percent and have majority control, Bloomberg said. Michael Dell's partners - private equity firm Silver Lake and giant software company Microsoft Corp - would contribute $1 billion to $2 billion each toward an equity check of $8 billion to $9 billion, Bloomberg said. Details of the equity financing were still being finalized while making sure Dell has explored all possible alternative options, including a sale to other buyers, Bloomberg said. Representatives of Dell, Silver Lake and Microsoft did not immediately respond to requests for a comment. Dell has formed a special committee of its independent directors and has hired Evercore Partners Inc to assess whether the company is getting the best deal for shareholders and not one that is just in the best interest of Michael Dell, people familiar with the matter have previously told Reuters. (Reporting by Greg Roumeliotis in New York; Editing by Maureen Bavdek) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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