14 DAY TRIAL // The other day, we learned that Dell had avoided a hostile takeover attempt by billionaire activist Carl Icahn.
At that point, there were three parties seeking to gain control of the corporation: Carl Icahn himself, Blackstone, and Michale Dell / Silver Lake.
Now, Financial Times reports that Blackstone has withdrawn its $25 billion offer (19.13 billion EUR), leaving only the other two opponents.
Thus, Michael Dell's original payment offer of $24.4 (17.67 billion EUR) could go through after all.
Michael Dell, the corporation's founder, initiated the process of turning Dell into a private company not long ago, believing that the company would work better if it didn't have to constantly try and satisfy shareholders' conflicting interests.
The man almost lost his company when Icahn came into the picture, but things may turn out in his favor after all, albeit perhaps not to the extent he hoped.