Michael Dell to use own money to seek majority control -- report
Michael Dell may kick in equity financing of $500 million to $1 billion combined with his 15.7 percent stake in the company to seek majority control of the company, according to Bloomberg. That would push his ownership stake past 50 percent.
With the investment, Dell would be contributing more than half of the total $8 billion to $9 billion equity check. The remainder of the takeover would be financed by debt and &… Read more