Texas-based tech giant Dell announced a new $300-million venture capital fund that will support enterprise technologies, big data, cloud computing, next generation data center, security, and mobility startups.
Tags: Michael Dell
Michael Dell Is Now the World's 12th Wealthiest Person — How Much Is His Net Worth?
Michael Dell is now the world's 12th wealthiest person. How much is his net worth? Following Dell Technologies' impressive fourth-quarter earnings, the net worth of Michael Dell, the company's CEO, crossed the $100 billion mark, making him the world's 12th wealthiest person.
Dell plans IPO to enhance its bought out SecureWorks' valuation
Dell is mulling over an initial public offer (IPO) for its recently acquired SecureWorks. Dell is also planning to spin off SecureWorks after the IPO which is expected to enhance the valuation of SecureWorks from $154.9 million $1.4 billion.
$1.68-tn M&As in 2015 nearing dotcom-driven 2000's $1.73-tn record mark
Dell's latest acquisition deal to buyout EMC for $67billion is the biggest merger and acquisition (M&A) deal for the US technology sector in 2015 so far. About $1.68trillion worth M&A deals in the US have been announced year-to-date (YTD). The M&As in 2015 with less than three months left is just short of $1.73trillion, the full-year record level for M&As 15 years ago.
Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Three PC makers, Lenovo, HP and Dell will consolidate in the PC market, says Michael Dell on a press briefing in Bengaluru, India Michael Dell, Dell Inc. CEO, told Reuters he predicts there would be consolidation among three PC makers in the market. These are Dell, HP and Lenovo. These three PC manufacturing companies will take over 80% of the market in a few years.
Latest News
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.
Dell president and chief commercial officer Steve Felice will be leaving the company barely a month after it was acquired by Dell CEO Michael Dell and private equity firm Silver Lake.
With Michael Dell owning 75% of his company, the new board would consist of himself and two other appointees from Silver Lake Management.
Billionaire activist Carl Icahn had withdrawn his campaign to block the leveraged buyout offer of Dell-Silver Lake.
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.
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.
Microsoft Corp had been acquiring and investing in companies in the last two decades as the software maker planned to accelerate its presence in a market that it does not own.
