Dell, RIM, Facebook: Tech Premarket
Microsoft's response has been added to this story.
NEW YORK (TheStreet) -- Dell (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.
Dell and Microsoft declined to provide comment on this story when contacted by TheStreet. Shares of Dell climbed 5.74% to $14 before market open on Friday. The Round Rock, Texas-based firm was also the most active premarket Nasdaq stocks on share volume of 1,268,470. Microsoft (MSFT) gained 0.51% to reach $27.59. Research In Motion (RIMM), which unveiled its BlackBerry 10 technology earlier this week, was another gainer, climbing 2.31% to $13.28 on share volume of 462,699. Shares of the Canadian handset maker, which also changed its name to BlackBerry this week, ended Thursday's trading session flat at $12.98. Facebook (FB), which reported fourth-quarter results this week, crept up 0.32% to $31.08 on share volume of 502,082. The social network's partner Zynga (ZNGA) was also a premarket winner, rising 1.48% to $2.75. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com.Select the service that is right for you!
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