Blackstone May Bid on Dell After All
Private equity firm Blackstone Group may bid on Dell after all. Earlier this month, the firm was among those said to be using the occasion of a go-shop period to kick the tires and consider bidding on the computing giant, which is seeking to go private in a $24.4 billion leveraged buyout. None were expected to bid. Now comes word from Bloomberg News that Blackstone may indeed seek to outbid Silver Lake Management, which has teamed up with CEO Michael Dell on the buyout bid. Offers are due by March 22.