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Dell Buyout Still on Track: Source

Monday, 4 Feb 2013 | 1:51 PM ET
Dell Computer Corp in Austin, Texas.
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Dell Computer Corp in Austin, Texas.

Talks between Dell and a consortium led by its founder and chief executive Michael Dell to take the world's No.3 PC maker private were still on track on Monday, with negotiations focusing on a price of between $13.50 and $13.75 per share, a person familiar with the matter said.

(Read More: Dell Buyout Deal Could Come as Soon as Monday )

Talks are in their final stages and an outcome is expected soon, the person said, cautioning that no final agreement had been reached and negotiations could still break down.

Dell Heads Closer to Deal to Go Private
Dan Primack, Fortune; and Carr Lanphier, Morningstar, discuss Dell's plans to sell itself to a buyout consortium, and weighs in on the state of the PC business today.

Microsoft is expected to invest around $2 billion in the deal, while private equity firm Silver Lake is expected to put in about $1 billion, the source said. Michael Dell is expected to roll over his roughly 16 percent stake and put in some of his own money so he has control of the company, the source added.

Dell and Microsoft did not immediately respond to a request for a comment while Silver Lake declined to comment.

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