recommended reading

The Bidding War for Dell Has Officially Begun

Paul Sakuma/AP

Never mind that Dell buyout deal proposed by founder and CEO Michael Dell in early February: activist investor and professional company-shaker-upper Carl Icahn has put a better offer on the table in a letter released by the PC manufacturer today. Icahn, unhappy with the share price Dell offered, is offering to pay $15 per share, almost 10 percent better than the $13.65 price Dell and Silver Lake Partners proposed. Icahn's deal would price the company at $15.5 billion, according to Deal Journal's David Benoit. Icahn is not alone, however: investment firm Blackstone has also a made its own, separate proposal for $14.25 per share. Since Dell himself has a lot to lose in a buyout—starting with control of his own company, as The Wall Street Journal 's Shira Ovide explained yesterday—the Icahn and Blackstone proposals could trigger a bidding war. Dell may make a better offer, Ovide suggests, "But if Blackstone, Mr. Icahn or others unseat the Silver Lake deal, Mr. Dell may wind up on the sidelines without a say in the company. That might put the onus on Mr. Dell and Silver Lake to up their bid," she writes.

Dell has not commented on the new bids yet, but Bloomberg's Aaron Ricadela has sources saying that he is willing to work with third parties to sweeten his offer. One analyst still thinks the most likely scenario keeps Dell in control of the company with help from Siver Lake "for something north of what they’re currently offering."

Read more at The Atlantic Wire

Threatwatch Alert

Stolen laptop

3.7M Hong Kong Voters' Personal Data Stolen

See threatwatch report


Close [ x ] More from Nextgov

Thank you for subscribing to newsletters from
We think these reports might interest you:

  • It’s Time for the Federal Government to Embrace Wireless and Mobility

    The United States has turned a corner on the adoption of mobile phones, tablets and other smart devices, outpacing traditional desktop and laptop sales by a wide margin. This issue brief discusses the state of wireless and mobility in federal government and outlines why now is the time to embrace these technologies in government.

  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

  • A New Security Architecture for Federal Networks

    Federal government networks are under constant attack, and the number of those attacks is increasing. This issue brief discusses today's threats and a new model for the future.

  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

  • Software-Defined Networking

    So many demands are being placed on federal information technology networks, which must handle vast amounts of data, accommodate voice and video, and cope with a multitude of highly connected devices while keeping government information secure from cyber threats. This issue brief discusses the state of SDN in the federal government and the path forward.

  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.


When you download a report, your information may be shared with the underwriters of that document.