NEW YORK (TheStreet) -- Dell
shares climbed more than 5% before market open Friday following a media report that the tech giant's nearing a buyout deal.
The No. 3 PC maker is nearing an agreement to sell itself to a buyout consortium led by CEO Michael Dell and private-equity firm Silver Lake Partners, according to Reuters.
The Dell chief is expected to take a majority ownership in the company, with Silver Lake and Microsoft becoming minority investors, according to Reuters, citing a person familiar with the deal.
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