Silver Lake Partners News

Billionaire investor Carl Icahn, who is teaming up with Southeastern Asset Management, criticized the proposed $24.4 billion buyout by founder Michael Dell and private equity firm Silver Lake Partners, calling it a "great giveaway." Icahn, who is teaming up with Southeastern Asset Management, criticized the proposed $24.4 billion-or $13.65 per ... (more)

The Journal report cited a letter to Dell's board as saying the proposal will allow shareholders to keep their stock and take an additional $12 a share in cash or stock, setting up a proxy battle with Dell and Silver Lake.

As part of Microsoft's loan of $2 billion to a group trying to buy PC maker Dell, the two companies must modify the payment terms of Dell's current agreements with Microsoft, a document filed with U.S. regulators said.

INVESTMENT FIRM Blackstone has withdrawn its bid for Dell, relieving some of the pressure on Michael Dell and Silver Lake Partners to increase their offer for the company.

Blackstone Group has given up its bid for Dell, less than a month after the private-equity fund manager said it was planning to top an offer from founder Michael Dell and private-equity firm Silver Lake Partners, according to news reports.