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Blackstone Group Cancels Dell Takeover Bid

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Blackstone Management Partners LLC has withdrawn its bid to acquire Dell (NASDAQ: DELL) following its due diligence process. Dell’s special committee received the notice through Boulder Acquisition Corp., a partner in the Blackstone-led group that submitted a takeover offer in late March, Dell said Friday. Blackstone and its partners offered to ...

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Report: Dell Nearing Buyout Deal, Microsoft Involved

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Dell (NASDAQ: DELL) is nearing a deal for a buyout led by California-based private equity firm Silver Lake Management LLC, Bloomberg reports. Microsoft (NASDAQ: MSFT) could provide some funding and Michael Dell could contribute between $500 million and $1 billion of equity financing for the deal, the report said. Michael ...

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