According to an article published by Bloomberg, TPG Capital and Silver Lake are in talks to be acquiring Dell and taking the company private. Prior to the acquisition rumors, Dell traded at a market capitalization of about $18.9 billion, but has since jumped to $22.8 billion.
Bloomberg noted that the deal could be announced as early as this week, but could fall apart due to the massive volume of the deal and the required cash that is necessary to purchase Dell. Rumor has it that the deal would be structured as a management buyout.
Company founder Michael Dell could beone of the main beneficiaries of a buyout, provided that he will cash in on all of his owned stock. Dell currently sits on more than 244 million Dell shares with an aggregate value of about $3.2 billion. However, Dell is likely to retain a major stake in the company even in a buyout scenario, as money may not be a compelling incentive for the executive: Forbes currently ranks him as the 22nd richest American with an estimated wealth of $14.6 billion. Bloomberg estimates Dell's net worth at $13.7 billion.
Dell founded the company at age 19 in 1984.
Sham-Wow guy stole the spotlight :D
If only you could go back in time... who would have thought a 19yo back then would end up with this.
He wasn't the first...Bill Gates/Steve Jobs. I'm sure there have been others before, but those two were also tech related.
Go back in time? Buy Apple shares (shhh I know) and sell them when they hit $700 a share = more than enough money to keep me busy for the rest of my life...