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Blackstone proposes counterbid for Dell, reports say

Agam Shah | March 25, 2013
Blackstone Group has reportedly sent a preliminary counterbid to buy out Dell, which would rival the current proposed offer of US$24.4 billion from Silver Lake Partners and Michael Dell made in early February.

"I believe there is more long term value to be unlocked by continuing the business transformation that Dell started five years ago," Eastwood said.

Dell is focusing more on enterprise products as it tries to move away from the low-margin PC market.

 

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