Items tagged with Michael Dell
We first got an inkling that Dell Inc. was interested in purchasing EMC Corp late last week, and today we received official confirmation of that deal. And as we expected back then, this a whopper of a deal — in fact, it’s being billed as the largest tech acquisition in history.
The world’s No. 3 PC maker — with the...
Read more...
Michael Dell is no longer beholden to shareholders after taking the computer company he founded private two years ago. As such, he's free to invest more than $125 billion in China over the next five years as part of his "In China, For China" 4.0 strategy announced today without having to worry about how it might...
Read more...
Let's face it, sometimes a father knows best, and that applies to business as well. Hence why Michael Dell, founding father of the world's third largest PC company, fought so hard to take Dell private so that he could maneuver the firm in the path of his vision without being second guessed and scrutinized by...
Read more...
Following months of back and forth between Michael Dell, Dell's board of directors, and a few outspoken shareholders such as Carl Icahn, the world's third largest PC maker is now back in the hands of the man who started it all. Dell announced today the completion of its acquisition by Michael, the company's founder who was also serving as...
Read more...
Barring anything unexpected, Michael Dell is almost assured to gain control of the company he founded and take it private following a shareholder vote later this week. Michael had originally proposed a $24.4 billion buyout offer for the world's third largest PC maker, but things hit a snag when some began to question...
Read more...
Michael Dell is in the midst of trying to take over the company he founded long ago, and if he succeeds in his bid, he'll take Dell private, giving himself complete control without having to answer to a board of directors or shareholders. He'll then be able to run the company however he sees fit, and with the market...
Read more...
Dell reported a 72 percent annual drop in net income to $204 million during its second quarter for fiscal 2014, though the company remains steadfast in its strategy to customers in what it termed a "challenging environment." Indeed it is for PC makers as sales continue to slide during the recent transition to mobile...
Read more...
After penning an open letter to Dell's board of directors essentially telling the company to take or leave his "best and final offer" to acquire the company he founded, Michael Dell has gone back and revised his bid as part of a new agreement with Dell's special board committee, Dell said in a statement. Michael...
Read more...
Michael Dell is apparently finished with negotiations and has made a final offer to Dell's board of directors to take control of the company he founded. In an open letter to shareholders, Michael reiterated that taking Dell private is, in his opinion, still the right thing to do. You also get the impression that he's...
Read more...
It wasn't that long ago when it seemed like Michael Dell was well on his way to acquiring the company he founded. Michael, along with Silver Lake Partners and an investment from Microsoft, put together a $24.4 billion buyout bid that was unanimously approved by Dell's board of directors. The deal would pay shareholders $13.65 per share, and...
Read more...
Billionaire businessman Carl Icahn may ultimately fail in preventing Michael Dell from acquiring the company he founded and taking it private, but he isn't going down without a fight. Icahn keeps coming back to the table with new proposals, and the latest development is that he's seeking a meeting with Dell's board of...
Read more...
A special committed formed by an independent group of directors weighed in on the situation with Dell and the two offers on the table, one a buyout bid by company co-founder Michael Dell and the other a dividend payment by activist investor Carl Icahn. The committee's suggestion? Take Michael's money and run. Michael...
Read more...
What was supposed to be a relatively quick and easy buyout of Dell, the world's third largest PC vendor, has turned into a drawn out dispute over the company's value, with Carl Icahn having emerged as one of the loudest voices of dissent. Perhaps fed up with the whole ordeal, Dell's board of directors, who unanimously...
Read more...
Three months ago, Dell's Board of Directors unanimously approved a merger agreement under which company founder Michael Dell and investment firm Silver Lake Partners would acquire the PC maker for $24.4 billion. Michael's plan is to take Dell private so he can run the company as he sees fit without the pressure of answering to shareholders...
Read more...
It's tough to say what kind of resistance Michael Dell anticipated when decided to acquire the company he founded for $24.4 billion. Under terms of the deal, which was unanimously approved by Dell's Board of Directors, Mr. Dell and his investment partners will pay shareholders $13.65 per share in cash. That figure...
Read more...
Michael Dell, along with partners Silver Lake Management and Microsoft, are anxious to complete a takeover bid of the world's third largest PC maker, but not everyone involved is gung-ho to get it done. Southeastern Asset Management, Dell's biggest outside shareholder, plans to fight the acquisition on the basis that Mr. Dell's takeover price...
Read more...
Dell's decision to go private (and Microsoft's $2B investment) are big news in the tech world today, but there's precious little in the way of hard evidence for why Michael Dell decided to buy back the company he founded as a college student back in 1984. The Microsoft angle has gotten a lot of press, but it's not the...
Read more...
It happened. Dell today announced it has signed a definitive merger agreement in which company founder, Chairman, and CEO Michael Dell will acquire the company for approximately $24.4 billion. Microsoft and Silver Lake Management are also involved the transaction, which had been rumored for weeks. "The Dell Board of...
Read more...
Dell, the third biggest PC manufacturer in the world, could be a private company by the time the weekend is over. While most of use are planning Super Bowl parties (go 49ers!), Dell founder and chief executive officer Michael Dell, along with private equity firm Silver Lake Partners, are trying to finalize a a potential $24 billion deal that...
Read more...
Michael Dell is exactly what the Windows and Linux community need right now. It doesn't matter if you're not a fan of Dell computers, it's Mr. Dell's message that speaks to computer users far and wide. Consider that Apple is pushing hard into the mobile space with its iPad tablet devices, creating a sector that some...
Read more...
Michael Dell, no doubt after an exhaustive search, thinks he's found just the guy to lead Dell back to the top spot in personal computer sales. Dell Chairman and founder Michael Dell reclaimed the position of chief executive officer, ousting Kevin Rollins after he lost the lead in personal...
Read more...
