Michael Dell looks like he will have a challenge on his hands with counter offers expected to come from Blackstone and Icahn for the technology giant.
According to Reuters, Dell Inc have appeared to have gotten counter offers for Dell after after receiving it’s initial offer from Michael Dell and private equity company Silver Lake partners valued at $24.4 billion. This news means that Michael Dell is set to have a big fight on his hands trying to retain control of the company he started years ago.
It has been reported that Blackstone Group has put in an indicative offer prior to the expiration of the go-shop period. The offer placed by Blackstone Group has yet to receive any formal financing by banks.
Any purchase of Dell is expected to be partly financed by selling parts of the company that are not seen as core components.
Dell are a known mostly for PC hardware in Australia rather than services. Dell offer great deals on desktops and laptops and they often provide a Dell coupon to use when purchasing from their online store.