Dell is in buyout talks with “at least” two private equity firms that would take the PC company-in-transition private, according to a story in Bloomberg Monday afternoon that sent Dell’s stock up close to 14% to over $12 a share, roughly what Toni Sacconaghi of Sanford Bernstein thinks Dell’s worth.
The report cites two unidentified people with “knowledge of the matter.”
Dell refused to comment on rumor and speculation.
Bloomberg called the talks “preliminary” and said they “could fall apart” if the financing can’t be arranged or the potential investors can’t figure out how to ultimately exit the investment.