Blackstone Said to Approach Hurd About Running Dell After Buyout

March 21 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Betty Liu reports that Oracle president and former Hewlett-Packard CEO Mark Hurd has been approached by Blackstone to lead Dell. She speaks on Bloomberg Television's "In The Loop."

Blackstone Group LP (BX), which is considering a bid for Dell Inc. (DELL), has approached Oracle Corp. (ORCL) President Mark Hurd about running the computer maker, according to a person with knowledge of the matter.

The private-equity firm hasn’t made a formal offer to Hurd, said the person, who asked not to be identified because the overture was private. Blackstone is considering whether to make a rival proposal to Dell’s planned $24.4 billion buyout by its founder, Michael Dell, and Silver Lake Management LLC, people with knowledge of the matter said this week.

Hurd is the former chief executive officer of Hewlett- Packard Co. (HPQ) During his tenure, the company retook leadership in the personal-computer market from Dell, boosted its stock-market value by more than half to $97.7 billion and expanded into new businesses including computer services and networking gear.

Deborah Hellinger, a spokeswoman for Redwood City, California-based Oracle, declined to comment yesterday, as did David Frink, a spokesman for Round Rock, Texas-based Dell.

Fortune reported yesterday that Hurd is one of Blackstone’s top choices for CEO, in the event that Michael Dell doesn’t stay on in the position.

Photographer: David Paul Morris/Bloomberg

Mark Hurd, co-president of Oracle Corp. Close

Mark Hurd, co-president of Oracle Corp.

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Photographer: David Paul Morris/Bloomberg

Mark Hurd, co-president of Oracle Corp.

Hurd’s exit from Hewlett-Packard, after the board said he violated the company’s standards of business conduct, kicked off a three-year period of management upheaval and strategy shifts.

To contact the reporter on this story: Aaron Ricadela in San Francisco at aricadela@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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