Dell Q1 profit down 79% on sales, takeover battle

Last week Icahn and Southeastern Asset Management Inc. offered $21-billion (U.S.) in cash for Dell, challenging founder Michael Dell's $24.4-billion bid to take the company private. Michael Dell and private equity firm Silver Lake want to take the ...

news.taaza.com: (3 Months ago) London, Feb 5 (IANS) Michael Dell has said he will buy back for $24.4 billion the personal computer manufacturer that he founded and that carries his name, BBC reported. Michael Dell, together with ... Read more ...

Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take the struggling computer maker private. Southeastern Asset Management and Icahn said in a ...

A plan proposed by Carl Icahn and Southeastern Asset Management last week as an alternative to Michael Dell's proposal to take his namesake company private would leave it short of cash, Dell's board warned the bidders on Monday. It wants to know ...

Blackstone pulled out just a month after it first launched a challenge to Michael Dell's attempt to buy and take private the PC maker he founded.

Blackstone will begin an in-depth analysis of the company, a strong sign the buyout firm is proceeding with an offer.

Dell shares now look appealing because investors stand to make a small profit if the Michael Dell-led offer gets approved.

Michael Dell would "invest for growth" and compete aggressively in new markets if his plan to take the PC maker private succeeds.

Michael Dell believes he can turn around the company by diversifying into more profitable niches such as business software, data storage and consulting.