Michael Dell Could Lose CEO Job in Rival Buyout Bid

Michael Dell kicked off the process to take Dell Inc. private. Now as other potential bidders crowd into the picture, Mr. Dell may end up losing control of his company.

Blackstone Group and activist investor Carl Icahn expressed interest in the computer maker before a key deadline for offers expired Friday, with each notifying a special committee of Dell’s board that they are working on firm bids for the Round Rock, Texas, company, people familiar with the matter have said.

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