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Matt Levine

Carl Icahn Wants to Fight Dell Again

Also Robinhood, Uber, crypto custody and pre-dating.

Icahn v. Dell II.

In 2013, Michael Dell and his private-equity backers at Silver Lake took Dell Inc. private for about $25 billion. A lot of investors, and for a while a Delaware court, thought that the price was too low, and that Michael Dell had sandbagged investors by giving them a pessimistic view of Dell’s prospects so that he could buy it cheaply himself. Arguably those complaints turned out to have some merit, as Dell has done very well in private hands and is now looking to return to the public markets.