Silver Lake

  • Michael Dell's deal gets big endorsement

    Shareholder advisory firm ISS favors Michael Dell's buyout offer.

    FORTUNE -- Dell Inc. (DELL) shareholders should accept a $13.65 per share buyout offer from company founder Michael Dell and private equity firm Silver Lake Partners, according to a statement released this morning by Institutional Shareholder Services.

    It is not unusual for ISS to endorse a large take-private transaction, but there were strong indications last week that the shareholder advisory firm viewed the deal MORE

    - Jul 8, 2013 7:37 AM ET
  • What if Carl Icahn wins Dell?

    Even if Michael Dell loses in the short-term, he could win in the long-term.

    FORTUNE -- Carl Icahn yesterday laid out the details of his $5.2 billion in debt financing for Dell Inc. tender offer. Turns out Icahn himself had to put up a whopping $3.1 billion, after originally suggesting that he'd be good for $2 billion in a worst-case scenario. In other words, it was a tough sell.

    So I wrote a MORE

    - Jul 3, 2013 12:53 PM ET
  • Michael Dell: I'll stick around if buyout fails

    Michael Dell tells shareholders why they should let him take Dell private. And what will happen if they don't.

    FORTUNE -- Michael Dell this morning explained his rationale for wanting to take Dell Inc. (DELL) private, via a nine-page investor presentation. But most notable might be his thoughts over what happens if shareholders vote down the $13.65 per share offer, in which he is partnering with private equity firm Silver Lake.

    Dell MORE

    - Jun 21, 2013 8:34 AM ET
  • E-commerce and the global battle for Internet economics

    In the next five years, ecommerce competition could determine the world's most valuable company.

    By Ken Hao

    FORTUNE -- Over the past 10 years, seven companies have carved out lion-sized shares of the global Internet economy. The American giants and their respective kingdoms are well-known:  Google  ($293 billion market cap) in search, Amazon ($125 billion) and eBay ($66 billion) in e-commerce and Facebook ($58billion) in social networking.

    Less familiar are the other MORE

    Jun 21, 2013 6:40 AM ET
  • Dell to Icahn: Show us the money

    Dell asks Carl Icahn for more details about his "superior proposal."

    FORTUNE -- Dell Inc.'s special committee this morning told Carl Icahn that it needs more information about his offer to buy the company, including where he intends to get the debt financing.

    Icahn last week reiterated his position that Michael Dell and Silver Lake Partners are basically stealing Dell (DELL) via their $13.65 per share take-private offer, and that he could do better MORE

    - May 13, 2013 7:55 AM ET
  • Blackstone bails on Dell

    Blackstone ends its pursuit of the PC maker.

    FORTUNE -- The Blackstone Group (BX) is ending its pursuit of Dell Inc. (DELL) without formally submitting a superior offer to the $24.4 billion bid made earlier this year by company founder Michael Dell and private equity firm Silver Lake Partners.

    The Wall Street Journal first reported the news earlier this evening, and it has been independently confirmed with multiple sources by Fortune. We also MORE

    - Apr 18, 2013 10:14 PM ET
  • Michael Dell needs to talk or quit

    The PC maker's silence has become deafening.

    FORTUNE -- Ever since Dell Inc. announced in January that it had accepted a $24.4 billion buyout offer from founder and CEO Michael Dell, plenty of people have voiced their opinions. The company's two largest outside shareholders have come out in opposition, calling the $13.65 per share price "completely out of proportion to what's reasonable." Some uninvolved private equity executives have lauded minority investor MORE

    - Mar 1, 2013 2:04 PM ET
  • Dell vs. Dell shareholders

    Dell's largest outside shareholders are opposing its $24 billion buyout plan.

    FORTUNE -- T. Rowe Price yesterday became the latest Dell Inc. shareholder to oppose the company's plans to go private, saying the proposed $13.65 per share deal "does not reflect the value of Dell." This has got to be making Michael Dell sweat a bit.

    T. Rowe Price (TROW) holds around 86 million shares of Dell (DELL) stock, or around 5% MORE

    - Feb 13, 2013 12:43 PM ET
  • Let's get the Dell class action started

    Preemptively "investigating" the sale to Silver Lake.

    FORTUNE -- Every time private equity agrees to acquire a publicly-traded company, a bevy of plaintiff's attorneys initiate "investigations." Never mind if the offer represents a 500% premium to where the company's stock has traded since 1981, it will be deemed possibly insufficient.

    Given that most of the "investigations" are wild goose chases, why wait until a deal is actually announced? After all, there's that MORE

    - Jan 24, 2013 1:15 PM ET
  • Silver Lake's Hutchins keeps mouth shut

    No talk of Dell, or anything else.

    FORTUNE -- Silver Lake Partners co-founder Glenn Hutchins was scheduled to be on CNBC this morning, with a producer tweeting that he would be asked about his firm's reported efforts to help Dell Inc. (DELL) go private.

    But then it didn't happen. First CNBC put up a graphic suggesting that the interview had been pushed back a half hour. But then anchor Carl Quintanilla announced that MORE

    - Jan 24, 2013 11:11 AM ET
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