Filings Reveal Dell's Struggle to Stir Takeover Interest

ROUND ROCK, Texas -- New regulatory filings show that Dell's (DELL) financial advisers tried to persuade 71 potential bidders to make an offer for the troubled personal computer maker before two of them emerged to challenge a proposed deal with the company's founder.

The wide-ranging efforts to ignite a bidding contest are among the details disclosed in the documents filed Friday. They outline the chain of events leading up to the deal calling for Dell Inc. to be sold for $24.4 billion to CEO Michael Dell and a group led by Silver Lake Partners.

The documents also outline the subsequent attempts to find suitors willing to pay more for the world's third largest computer maker. Buyout specialist Blackstone Group ( BX) and billionaire investor Carl Icahn ultimately decided to join the bidding.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Mergers and Acquisitions

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense

Square Shares Shake Off Concerns About PayPal's Deal for iZettle

Square Shares Shake Off Concerns About PayPal's Deal for iZettle

It's a Family Feud - CBS is Granted Restraining Order Against Shari Redstone

It's a Family Feud - CBS is Granted Restraining Order Against Shari Redstone

How Qualcomm's CEO Is Helping Steer the Shift to 5G

How Qualcomm's CEO Is Helping Steer the Shift to 5G