Private-equity firm Blackstone Group has reportedly ended its $25 billion takeover bid for Dell.
Blackstone, which last month launched a bid for the computer maker to rival a $24.4 billion buyout offer from Silver Lake and Michael Dell, withdrew its bid on Thursday, sources tell The Wall Street Journal and the Financial Times. The reasons for the withdrawal were not immediately clear.
CNET has contacted Blackstone for comment and will update this report when we learn more.
Blackstone submitted a tentative offer to buy the company after Dell announced in February its plans to take the company private via … Read more