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 (Fortune 500) 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 (Fortune 500) and Android developer , Google (Fortune 500). ,
The news also comes as Dell rival Hewlett-Packard (Fortune 500) 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.
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