Dell looking for white knight's buyout

Dell Inc, the personal-computer maker that lost almost a third of its value last year, is in buyout talks with private-equity firms, two people with knowledge of the matter said. The company shares have surged as a result.

The company is discussing going private with at least two firms, said one of the people, who asked not to be identified because the talks are private. The discussions are preliminary and could fall apart because firms may not be able to line up the needed financing or resolve how to exit the investment in the future, the people said.

Several large banks have been contacted about financing an offer, one of the people said. The computer maker had a market value of $18.9 billion as of Jan 11.