Behind The Scenes Of Dell's Decision To Go Private

'Sponsor A' Bows Out

On Dec. 3, 2012, the company known as "Sponsor A" notified Michael Dell that it would not offer an updated proposal and was effectively withdrawing its name from buying Dell, a decision "driven largely by the fact that its investment committee was not able to get comfortable with the risks to [Dell] associated with the uncertain PC market, and the concerns of industry analysts regarding the competitive pressures the company faced," according to the Proxy.

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