Reports first surfaced on Jan. 14 that Dell’s top executives were in talks with private equity firms to take the company private. Then we heard that Microsoft may have even pledged $3 billion to help. Reuters said Friday that the actual deal could happen as soon as this coming Monday.
The news outlet said Dell CEO Michael Dell will take a majority stake in the company when it goes private, and that the $23 billion company is currently talking to both Silver Lake Partners and Microsoft for the rest of the cash. All three groups are expected to continue chatting this weekend, although there are plenty of other parties involved, too. Reuters named several banks that are working on financing the debt and two other firms that are on as advisors.
We’re more interested to see how Dell plans to compete in the fierce PC and mobile market. PC sales slipped 6.4 percent during the holiday season this year while sales of tablets surged a record 75 percent. Dell also recently exited the smartphone market entirely.