From the Wall Street Journal:
“Blackstone Group LP has ended its pursuit of Dell Inc. less than a month after the private-equity firm said it would try to top a leveraged buyout by the computer maker’s founder and a rival investment firm.
Blackstone had been putting together a bid for Dell to trump the $24.4 billion offer from founder and Chief Executive Michael Dell and private-equity firm Silver Lake Partners. Blackstone’s offer would have kept part of the company in the hands of public shareholders.”
As a Dell customer, I’m happy to see this get behind us. It’s a bit worrisome to be ordering Dell hardware and services and not knowing who’s going to end up in control of the company.
[Via WSJ.com…]