Dell closer to buyout as price talks narrow: source

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    Technology News

    A man wipes logo of Dell IT firm at CeBIT exhibition centre in HannoverNEW YORK (Reuters) – Dell Inc moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis. Talks between Dell, the world's No. 3 computer maker, and a consortium led by its founder and chief executive, Michael Dell, to take the company private were in the final stages on Monday, a person familiar with the matter said. An outcome is expected soon, the person said, cautioning that no final agreement had been reached and negotiations could still break down. …

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