According to Bloomberg, Dell is in talks with various banks and financial institutions with the final goal of taking the company private. The troubled computer maker has seen hard times in the consumer space, and has been relying on strong enterprise performance in order to stay afloat.
The company is discussing going private with TPG Capital and Silver Lake, said one of the people, who asked not to be identified because the talks are private. A deal could be announced as soon as this week, one person said. The discussions could fall apart because firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said.
Several large banks have been contacted about financing an offer, one of the people said. The computer maker had a market value of $18.9 billion as of Jan. 11.
Dell and the various institutions did not comment on these reports when asked. These rumors have sent Dell’s stock price upward since they broke. Other traditional computer manufacturers such as HP have also seen hard times as more and more people look to either low-cost solutions or tablets for their daily computing needs.