Report: Michael Dell To Contribute His Own Wealth To Seek Majority Control

Posted on Jan 30 2013 - 3:28pm by Editorial Staff
Dell

Dell

With the news being in the air that Microsoft will invest $3 billion in Dell, the company’s Michael Dell trying to get control of the company with putting $1 billion from his own personal funds, Bloomberg reports. According to the publication, Dell may contribute between $500 million to $1 billion in company with currently owing 15.7 percent stake in the company.

The investment will result in Dell’s contribution in the company would be over the total $8 billion to $9 billion equity check, with possession of the takeover which being financed by debt and some of the $11 billion of cash Dell reported it had as of September 30. With the personal investment, Dell’s value in the company would be $3.45 billion.

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