Business

Market Movers

Dell surges on talk it may be taken private

CEO Michael Dell started the company in 1984. He owns 16 percent of the stock.

Associated Press/File 2012

CEO Michael Dell started the company in 1984. He owns 16 percent of the stock.

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Dell Inc. stock surged after Bloomberg News said the personal computer maker was in early talks with at least two private equity firms about going private. A buyout would be worth more than $17 billion, based on total enterprise value. Dell has some $9 billion in debt, but $11 billion in cash. A deal would make it the largest technology buyout since the $17.6 billion acquisition of Freescale Semiconductor by a group of buyers led by the Blackstone Group in 2006.

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