Michael Dell Could Team With Blackstone

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By Douglas A. McIntyre Updated Published
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Dell HQ

Michael Dell may not lose his job, even if his partnership with private equity firm Silver Lake Partners does not result in the intended takeover of Dell Inc. (NASDAQ: DELL). Apparently another suitor — Blackstone Group L.P. (NYSE: BX) — may team with Dell and the founder of the PC company, if he abandons his former buyout partners. Michael Dell means to keep his position, it seems, at the price of loyalty to any party.

According to The Wall Street Journal:

Blackstone also values Mr. Dell’s strategic importance in the company’s management, seeing him as an important potential ally if the Blackstone-led bid prevails, according to a person familiar with the matter.

Terms of the takeover offer by Mr. Dell and Silver Lake include $13.65 a share for Dell. Blackstone offered at least $14.25 a share, while allowing shareholders to retain some of their stock.

Once again in the business world, greed trumps allegiances almost every time.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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