[Engadget] Blackstone reportedly backs out of Dell deal, leaves bidding war to Icahn and company founder~Reviews~Evaluation

Engadget post time: April 19, 2013 at 05:52AM

Blackstone reportedly backs out of Dell deal, leaves bidding war to Icahn and company founder

Micheal Dell’s battle to take back his namesake firm may have just become a little easier: Blackstone seems to have lost interest. According to the Wall Street Journal, the group has backed out of the bidding war for the computer maker, declining to comment on the matter. Bloomberg sources claim that Blackstone lost interest after peeking at the company’s financials and were reportedly disappointed by the revenue outlook. This leaves the company’s founder to contend with only Carl Icahn, giving his original $24.4 billion bid a better shot at acceptance. The jury’s still out on who Dell’s next owner will be, but at least it’s a little less complicated now, right?

Filed under: , ,

Comments

Source: Wall Street Journal, Bloomberg

Reference source: Engadget

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s