GE Capital, the finance arm of General Electric, is in talks with asset management firm Blackstone to jointly buy the finance division of IT manufacturer Dell, according to the Wall Street Journal.
The offer is one of many being tabled for Dell Financial Services as an alternative to a sale to company founder and chief executive Michael Dell and a private equity firm. However, the Wall Street Journal reports sources as saying splitting the financing arm from the main business could be difficult as it is an important source of revenue, with the company reporting $3.5bn (3bn) in new business for the fiscal year to February 2013, and $3.8bn the previous year.
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Other options include a takeover involving Dell’s largest shareholder, Southeastern Asset Management, or a deal between Blackstone, GE and Michael’s Dell’s prospective partner Silver Lake Partners, in an "offer for the entire company in two parts".
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