14 DAY TRIAL // We've been following the story of Michael Dell starting the process of turning Dell into a private company, and the latest episode has a lot of drama.
Until March 25, 2013, things were looking up for the founder of Dell. While some shareholders were dissatisfied with the money offer, there wasn't a better deal. It really looked like Michael Dell and Silver Lake, among others, would buy the corporation.
But then, Blackstone Group and billionaire activist investor Carl Icahn made a better offer, opening the possibility of Michael Dell losing control of his company.
Still, the man owns 15.6% of the shares (the largest) and is not about to let the process he started blow up in his face.
That is why he has threatened, according to Bloomberg, to cash in those shares and walk away, leaving the company with a financial black hole worth $4.5 billion (3.51 Euro) if he doesn't keep his post in the eventuality that his offer gets outbid. We'll keep an eye out for more updates.