ROUND ROCK (January 14, 2013)--Dell's stock soared 13 percent Monday on a report that the struggling Round Rock-based personal computer maker is in talks to take the company private.
Bloomberg News, citing unnamed sources with knowledge of the situation, reported that Dell has discussed a potential sale with at least two firms that specialize in buying companies whose stocks have fallen out of favor.
Dell Inc. declined to comment.
The possibility of a buyout has already been floated by some industry analysts who believe Dell might be better off trying to engineer a turnaround without have to deal with financial pressures from Wall Street.
Dell's deteriorating earnings have contributed to a 30 percent drop its stock price during the past 12 months.