Dell Said To Be In Buyout Talks With Private-Equity Firms 150
puddingebola writes "Dell Inc. is reported to be in buyout talks with private equity firms. From the story, 'Dell is discussing going private with at least two firms, said one of the people, who declined to be identified because the talks are private. The discussions are preliminary and 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, the people said.'"
Re:Ask Hostess How Well That Worked Out (Score:5, Informative)
Ask Mitt Romney How Well That Worked Out (Score:2, Informative)
Isn't it fun to do that when you're on the private equity firm side? There's no risk whatsoever, and you get nice fat consulting fees and management fees and bonuses.
Also, typically the management that sold to the private equity firm takes home a nice big paycheck as part of the deal.
Re:Why keep it going? (Score:5, Informative)
October 6, 1997:
"And at the Gartner Symposium and ITxpo97 here today, the CEO of competitor Dell Computer added his voice to the chorus when asked what could be done to fix the Mac maker. His solution was a drastic one.
"What would I do? I'd shut it down and give the money back to the shareholders," Michael Dell said before a crowd of several thousand IT executives. "
http://news.cnet.com/2100-1001-203937.html