Blackstone Group LP (BX) is weighing a bid for Dell Inc. (DELL), the computer maker seeking offers to rival the proposed $24.4 billion buyout by its founder and Silver Lake Management LLC, said people with knowledge of the matter.
According to Bloomberg, the asset management firm is supposedly considering a bid that could out-do what Silver Lake offered for the Dell acquisition. People familiar with the matter told Bloomberg that Blackstone has not yet made a decision and that it may bid as part of a group of investors. Reportedly, Blackstone has already reviewed Dell’s finances after signing a non-disclosure agreement.
Dell announced in February that it had plans to take the company private via a $24.4 billion, or $13.65 per share, buyout by its founder and CEO Michael Dell, who owns about 14 percent of Dell’s common shares, and the private equity firm Silver Lake. Microsoft also kicked in a $2 billion loan.
Under the Silver Lake merger agreement, Dell’s board can look for a better proposal up through March 22. If a person or company makes a successful competing bid during this “go-shop” period, that person or group will be subject to a $180 million termination fee.
The Silver Lake buyout has to get approval from a majority of Dell’s shareholders in order to go through. If the deal is successful, it will be the largest technology leveraged buyout since the financial crisis hit in 2008.
As an Amazon Associate, TechCity may earn a small commission if you shop these products.
Amazon Basics XLR Microphone Cable for Speaker or PA System, All Copper Conductors, 6MM PVC Jacket, 6 Foot, Black
$9.11 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Monster Energy Zero Ultra, Sugar Free Energy Drink, 16 Fl oz (Pack of 15)
$23.85 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Ailun Glass Screen Protector for iPhone 14 / iPhone 13 / iPhone 13 Pro [6.1 Inch] Display 3 Pack Tempered Glass, Case Friendly
$5.98 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Owala FreeSip Insulated Stainless Steel Water Bottle with Straw for Sports and Travel, BPA-Free, 24-oz, Shy Marshmallow
$23.00 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirPods Pro (2nd Generation) Wireless Ear Buds with USB-C Charging, Up to 2X More Active Noise Cancelling Bluetooth Headphones, Transparency Mode, Adaptive Audio, Personalized Spatial Audio
$229.00 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon eero 6 dual-band mesh Wi-Fi 6 extender - expands existing eero network
$79.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Fire HD 8 Kids Pro | age 6-12 | Unleash creativity with included age-appropriate Amazon Kids+ content , robust parental controls, 13-hr battery | 32 GB, Hello Teal
$149.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
50 Cartoon Stickers Colorful Aesthetic VSCO Vinyl/PVC Waterproof Decals for Water Bottle, Hydroflask, Guitar, Luggage, Phone, Case, Laptop, Skateboard, Gift for Kids, Teens, Boys and Girls (Blue)
$4.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Charger for Lenovo Laptop, Thinkpad, Yoga, USB C, 65W 45W (UL Safety Certified)
$15.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
