There may be some major news that could, or could not, be breaking very soon. Dell, one of the worlds biggest PC makers, had its stock trading halted briefly as rumors hit the wire that the company is looking to go private, perhaps with the companys founder and current CEO Michael Dell teaming up with some unnamed parties to take the PC maker out out the public business market.
Bloomberg reports, via unnamed sources, that two private-equity firms may be involved in taking Dell private. Michael Dell has said in the past that he has thought about taking the PC maker private. Bloomberg adds that a number of major banks have also been contacted to help finance such a deal. Bloomberg does report that these talks could fall apart if the money cannot be found.
Dell is so far not commenting on these rumors. However, Dells stock is going up as much as 15 percent on these rumors after trading on the stock resumed.
Michael Dell founded Dell in 1984 while he was still a student at the University of Texas at Austin. He helped to grow the company into what is now the third biggest PC maker in the world. He stepped down as CEO in 2004 but returned to lead the company in 2007.
Source: Bloomberg | Image via Dell