Dell Founder Said to Seek Majority Control With Own Funds

Michael Dell is seeking majority control of Dell Inc. in a buyout that would combine his 15.7 percent stake in the company with as much as $1 billion of his personal funds, said people familiar with the matter.

Michael Dell may contribute equity financing of $500 million to $1 billion, said the people, who asked not to be identified because the talks are private. Dell, the PC maker he founded in 1984, is nearing a buyout led by Silver Lake Management LLC, and Microsoft Corp. may provide part of the funding, people familiar with the situation have said.