Dell Reportedly Near Buyout Deal Worth Up To $24B
NEW YORK (AP) -- Shares of Dell are climbing in premarket trading Tuesday on reports the personal computer maker is nearing a deal to go private worth between $23 billion and $24 billion.
The transaction is said to involve a group including Microsoft Corp., private equity firm Silver Lake and CEO and company founder Michael Dell.
The Wall Street Journal, citing people familiar with the matter, says the price being discussed is between $13.50 and $13.75 per share.
Dell spokesman Jess Blackburn said in an emailed statement Tuesday that the Round Rock, Texas, company does not comment on speculation.
Representatives for Microsoft and Silver Lake could not be immediately reached.
A deal would end Dell's nearly 25 years as a publicly traded company.
Dell Inc.'s stock gained 15 cents to $13.42 in premarket trading