Asset-management firm Blackstone Group has reportedly submitted a tentative offer to buy Dell, rivaling a $24.4 billion offer from founder Michael Dell and investment firm Silver Lake, which was announced last month.
Both Bloomberg and The New York Times are citing unnamed insiders in reporting the preliminary deal proposal, which, Bloomberg said, will commit Blackstone to hold takeover discussions with Dell. The letter was reportedly sent last night, and, Bloomberg said, Dell has till Tuesday to respond.
Details of the proposal were not available, and it's not known if Dell will go along. Bloomberg said Blackstone wouldn't … Read more