Daily Archives: July 24, 2013

Michael Dell and US private equity firm Silver Lake Partners have once again increased their offer for Dell Inc, to $13.75 a share. Shareholder voting for the deal now postponed a week until August 2.

The long drawn-out process has resembled a high-stakes poker game, with shareholders so far succeeding to extract higher offers from Mr Dell and Silver Lake. They, however, call this latest offer their “best and final proposal”.

Need a recap of the bidding war so far? Here’s a summary: 

Anyone who has surfed the web in places like Marrakech or Jakarta knows that internet speed in many developing countries leaves much to be desired.

But a report published this week by internet company Akamai shows that a good number of those countries are catching up.

 

Facebook will report second quarter earnings on Wednesday, with Wall Street expecting $1.62bn in revenues and 14 cents earnings per share.

Analysts will be looking for signs of increased advertising spending among small businesses and in international markets, as growth from large US advertisers is believed to have levelled off.