Latest in Dell

Image credit:

Blackstone reportedly backs out of Dell deal, leaves bidding war to Icahn and company founder


Micheal Dell's battle to take back his namesake firm may have just become a little easier: Blackstone seems to have lost interest. According to the Wall Street Journal, the group has backed out of the bidding war for the computer maker, declining to comment on the matter. Bloomberg sources claim that Blackstone lost interest after peeking at the company's financials and were reportedly disappointed by the revenue outlook. This leaves the company's founder to contend with only Carl Icahn, giving his original $24.4 billion bid a better shot at acceptance. The jury's still out on who Dell's next owner will be, but at least it's a little less complicated now, right?

From around the web

ear iconeye icontext filevr