facebook
twitter
rss
account
search
search
 

MSD Capital in talks for Dell buyout

Jan. 18, 2013 at 12:04 PM   |   Comments

NEW YORK, Jan. 18 (UPI) -- MSD Capital in New York is discussing a leveraged buyout of computer company Dell, sources told The New York Times.

MSD is an the investment firm begun by Michael Dell, who founded the computer company 30 years ago, the Times reported Friday.

Dell began his computer company with $1,000 and started the money management firm 15 years ago as a vehicle for investing his wealth and managing his philanthropic interests.

MSD is now a diversified investment firm. It was started with $400 million of Dell's money and is discussing a $20 billion leveraged buyout of the computer company although the deal could still fail to go through, the Times said.

Private equity firm Silver Lake would also be a party to the deal, as would other potential partners.

Financing the buyout would require Dell to include his 16 percent ownership of Dell, a stake worth about $3.5 billion.

Topics: Michael Dell
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Northrop Grumman developing reusable space plane for lifting spacecraft into orbit
2
Iran wants to develop mini-LNG plants
3
Navy to test Lockheed Martin's FORTIS exoskeleton
4
Slovakia plants seed in Ukrainian gas sector
5
Twitter to remove pictures of deceased on family's request
Trending News
Video
x
Feedback