Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.
Tags: Dell Inc
Cross-border technology sharing with Chinese firms worries US defense experts
The technology tie-ups between the US technology giants and Chinese firms have become a center of debate as the close business relations have under current exposure to sensitive defense technology. Security analysts express their concern about possible harm to the national security of the US. In association with US technology firms, Chinese companies are becoming self-reliant in defense technology triggering the alarm bells for the US national security.
Chinese firms sign L.A-Las Vegas high-speed rail project
Marking a major development in US-China business relations, a group of firms from the world's second largest economy signed a deal with the US partner XpressWest to build a high-speed rail link between Los Angeles and Las Vegas.
T Rowe's challenge to Dell deal may fuel critics of 'appraisal'
An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could face a major courtroom test as soon as Monday, when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker.
U.S. retailers miss fewer Christmas deadlines: early surveys
Major U.S. retailers missed fewer Christmas deliveries this year, according to two small, early surveys released on Friday, partly reflecting a year's worth of investments made to avoid 2013's last-minute shipping debacle.
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Dell Inc had paid out executives for its shares not rolled over into the newly privatized Dell. The directors and top executives of Dell Inc. had received a total of USD59.
With Michael Dell owning 75% of his company, the new board would consist of himself and two other appointees from Silver Lake Management.
WPP Plc expands into China with its acquisition of IM2.0. The world's biggest advertising company, WPP Plc, is expanding its network to China through the purchase of a digital advertising agency.
According to sources who were familiar with the matter, Dell Inc had been working with AlixPartners LLP to help the company turn its financial position around after its leveraged buyout by its founder and Silver Lake Management LLC.
Today, Dell Inc.'s founder Michael Dell announced that the majority shareholders of the company had voted in favor of his planned privatization of the computer maker firm.
Dell Inc shareholders started casting their votes to approve Michael Dell's buyout offer today.
On a September 12 meeting at Dell Inc's headquarters in Round Rock, Texas, the company was expected to announce that CEO Michael Dell and Silver Lake Management LLC got shareholder approval to proceed with the USD24.90 billion leveraged buyout.
The financing aspect of the leveraged buyout of Dell Inc by CEO Michael Dell and Silver Lake Partners was discussed for finalization.
In a letter to shareholders on Monday, septuagenarian billionaire Carl Icahn said he would be giving up the fight against Michael Dell and Silver Lake Partners's buyout of Dell Inc.
