Dell in talks to return company to private ownership

Dell is apparently in talks with private equity firms in the US to buy back shares and turn the company private once again

 

According to Bloomberg, Dell (which lost a third of its value last year) is in talks to return the company to private ownership. Unsurprisingly, shares in the US computer company jumped following the news.

The company has been discussing options with TPG Capital and Silver Lake - two US private equity firms - and hopes to raise finance for a buyback. 

Dell is the world's third-largest PC maker, but endured a tough 2012 of slow sales after customers chose to spend hard earned cash on Apple tablets and smartphones rather than PCs and laptops. Although, that hasn't stopped Dell releasing a new range of Windows 8 PCs.

In 2007, company founder Michael Dell returned to the fold and assumed the role of CEO in order to try and turn around the company's fortunes. He first expressed interest in taking the company private back in 2010.

Dell's stock on the NYSE went up by 13 per cent after the announcement. Although no named sources have commented on the news, Bloomberg reports that there could be the possibility of a deal being announced this week.

Dell has declined to comment on the report.

Via: Bloomberg

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