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Buyout deal to take Dell private could be announced on Monday

Published Feb 1st, 2013 5:54PM EST
Dell Buyout Deal

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Dell (DELL) founder and CEO Michael Dell is reportedly near reaching an agreement that would see him take Dell private and leave him as its majority owner. The deal has been in the works for some time and according to multiple unnamed sources speaking with Reuters, it could be finalized over the weekend and announced on Monday. Earlier reports suggested Dell is working with private equity firm Silver Lake to finance the buyout, and as much as $3 billion could come from Microsoft (MSFT), pushing the world’s largest software company further into the Windows hardware business. Reuters was seemingly unable to confirm whether or not the “Dell Dude” will be brought back onboard as part of the deal.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.