Shares of Dell jumped 13% Monday following reports that the computer maker could be taken private.
Bloomberg News first reported that the Texas-based company was in talks with several private equity firms about a possible buyout.
A spokesperson for Dell ( said the company does not comment on rumor or speculation. )
The personal computer maker has struggled to compete in the wake of declining PC sales as new mobile options continue to emerge from rivals Apple ( and Android developer )Google (. )
The news also comes as Dell rival Hewlett-Packard ( was said to have dethroned )Lenovo ( as the top PC maker. )
Dell recently partnered with a number of other PC companies to release a new tablet device that runs Windows 8 but so far that hasn't helped turn the tide.
Dell CEO Michael Dell, who returned to the helm in 2007 after a three-year hiatus, founded the computer maker in 1984 when he was 19 years old and a freshman at the University of Texas at Austin.
CNNMoney's David Goldman and CNN's Amanda Hobor contributed to this article.