One of the largest personal-computer makers, Dell, is reportedly looking to become a private company as it’s currently in buyout talks with private-equity firms. At this time, Dell is in preliminary talks with at least two firms, although the talks could fall apart depending on the ability of these firms being able to produce the finance the company requires or the knowhow to exit the investment down the line.
At this point, Dell is staying tight-lipped regarding the situation, but having the company turn private would mean the private firm would buy up all of the publicly traded shares as well as looser regulations.
Since the news hit the wire earlier today, Dell’s shares are trading about 13 percent higher in Monday-afternoon trading. Shares went from $1.41 to $12.30 with over 35.7 million shares being traded.RELATED
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