Blackstone Is Open to Keeping Michael Dell as CEO

Blackstone Group LP is open to keeping Dell Inc. founder Michael Dell as chief executive under its plan to gain control of the computer maker, people familiar with the matter said.

The private-equity firm is competing against an offer from Mr. Dell and private-equity firm Silver Lake Partners to take the company private. Hedge-fund investor Carl Icahn also made a proposal for Dell late last week, and a special committee of Dell shareholders is reviewing the offers.

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