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Wednesday, January 16, 2013

Silver Lake nears $15 billion financing for Dell buyout - report, (NASDAQ: DELL)

Private equity group Silver Lake Partners is close to arranging about $15 billion in financing for a takeover of Dell Inc, Bloomberg reported, citing people familiar with the matter. Talks to take Dell Inc private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter earlier told Reuters.

Dell Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL fell by 4.25% or $-0.56/share to $12.61. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 26775600 shares of DELL exchange hands on a given day and today's volume is recorded at 76271600.