A private equity deal that stands out for its length and complexity has also turned out to be one of the industry’s most lucrative, reaping $70bn in gains for tech entrepreneur Michael Dell and investment firm Silver Lake. The two made a big bet more than a decade ago when they took personal computer company Dell Technologies private. EMC’s premier asset was its 81 per cent stake in VMware, a cloud computing specialist which last week was sold to Broadcom for $92bn.
Slide in dollar and growing expectations that interest rates will fall next year drive strong rally in yellow metal
The mining group plans to invest $9bn in a Yorkshire mine that will produce a fertiliser mineral for which there is currently little demand