Billionaire investor Carl Icahn and Southeastern Asset Management are ready to submit a bid for struggling computer maker Dell, the New York Times is reporting.
There were two major cloud management acquisition announcements on Monday. A group of private equity firms agreed to pay $6.9 billion for BMC Software, and Dell acquired Enstratius for an undisclosed sum.
Private equity firm Blackstone has dropped out of the bidding to acquire computer maker Dell, the Wall Street Journal is reporting.
Carl Icahn has agreed to a deal with Dell that allows the billionaire investor to contact other shareholders about a possible bid for the company in exchange for a limit on Icahn's ownership stake in Dell, the company said in a release.
More than half of 340 IT professionals surveyed by network management and converged infrastructure provider Zenoss said they are actively considering adopting converged infrastructure.
In a filing with the Securities and Exchange Commission, Dell predicted the continuing decline in the PC market.
Blackstone Group and billionaire investor Carl Icahn have made counterproposals to acquire Dell, according to a report by the Wall Street Journal quoting sources familiar with the situation. The "go-shop" period was triggered by Dell's board approving the leverage buyout offer by Michael Dell and an investor group that includes Silver Lake Partners and Microsoft.
Michael Dell's plan to buy out the company he founded has hit a snag as other parties made rival bids late last week.
Blackstone Group is considering a counterbid to Michael Dell's $24.4 billion offer to acquire the struggling computer maker he founded, according to a report by Bloomberg.
Southeastern Asset Management, which holds an 8.4 percent stake in Dell, is getting access to Dell's books as part of a settlement to calm the investor's concerns about Michael Dell's bid to take the PC maker private, according to a report by Bloomberg.