The private equity firm also cites Dell's "rapidly eroding financial profile" as part of its reason to withdraw from the takeover process.
Private-equity firm launched a bid last month to rival Michael Dell's effort to take private the company he founded.
It's unclear if Silver Lake, Blackstone, or Carl Icahn will buy out the PC maker, but Michael Dell is reportedly saying he'll only support Blackstone if he remains the company's CEO.
Asset-management firm submitted preliminary deal proposal last night, to rival Michael Dell and Silver Lake's $24.4 billion offer, reports say. Additional report says activist investor Carl Icahn has also told Dell's board he'll make an offer.
Word has it that the asset management firm may be considering outbidding Silver Lake in the buyout that aims to take the PC maker private.
Artist Leo Villareal has created a large-scale LED sculpture that will enliven the Bay Bridge for the next two years. CBS This Morning's John Blackstone reports on how the project came to light.
One of the proposals comes from Carl Icahn and the other from Blackstone, Dell will continue to negotiate with both parties.
Things have gotten complicated for the PC maker with a pair of last-minute preliminary proposals, one from asset management firm Blackstone Group and the other from activist investor Carl Icahn.
The Chinese Internet company is reportedly partnering with Softbank, Blackstone Group, and Bain Capital to acquire all of Yahoo.