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Dell reportedly in talks to become a private company

Updated 10 years ago
Published Jan 14th, 2013 2:12PM EST
Dell Rumor Private Company

Like a lot of PC manufacturers, Dell (DELL) hasn’t been doing very well lately. And now unnamed sources have told Bloomberg that “several large banks have already been contacted about financing an offer to take Dell private.” Bloomberg’s sources also indicated that Dell is “in talks to go private with at least two private equity firms,” although the sources cautioned that any such deal “could fall apart because the firms may not be able to line up the needed financing or resolve how to exit the investment in the future.” A Dell spokesperson has told CNBC that the company “won’t comment on rumors and speculation,” but didn’t flatly deny the report. Trading of Dell’s shares was briefly halted in the wake of Bloomberg’s report, and surged by 12% immediately after trading resumed.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.