CCI clears Dell buyout proposal 16/04/2013
The Competition Commission of India (CCI) has approved a proposed buyout of US-based global computing giant Dell Inc by its founder and chief Michael Dell, saying....
"It is observed that the proposed combination, which concerns the market for IT hardware and peripheral equipment as well as the market for IT services/solutions, only involves a change in the ownership and control of Dell, with MSD and Silver Lake acquiring the indirect control of it. MSD, as an individual, has no business in India and notwithstanding that certain business activities of some portfolio companies controlled by Silver Lake in India, could have horizontal overlap as well as a vertical relationship with the business activities of Dell in India, it is observed that the revenue generated by these portfolio companies controlled by Silver Lake, from the said business activities in India, is insignificant. The market for IT hardware and peripheral equipment’s and IT services in India is also considered to be competitive with presence of a large number of players and insignificant entry barriers. In view of the foregoing, the proposed combination is not likely to give rise to any appreciable adverse effect on competition in India."
Copy of the Order here:http://www.cci.gov.in/May2011/OrderOfCommission/CombinationOrders/C-2013-03-112.pdf
http://www.cci.gov.in/May2011/OrderOfCommission/CombinationOrders/C-2013-03-112.pdf