Bangalore: Dell, the personal computer maker, who lost almost a third of its value last year is said to be in talks with private equity firms for a potential buyout, reports Bloomberg. The reports made  shares of Dell  soar by 13 percent, which was nearly an eight month high.

According to the Wall Street Journal, unidentified sources said that the company is discussing to go private with TPG Capital and Silver Lake in conjunction with other investors like pension funds. JPMorgan Chase & Co is also said to be involved in the negotiations.

The company is also said to be contacting several large banks about a financial offer, one of the person familiar with the talks said.

The world’s third largest PC maker had a market value of $18.9 billion as of Jan 11, and the company’s decision to go private could help to accelerate efforts to revive growth and cope with competition without quarter-by-quarter scrutiny from public shareholders.

Michael Dell, CEO and founder of Dell, has been using acquisitions to sell more products to businesses as consumers shun PCs in favor of tablets and Smartphones, including devices that run Apple and Google’s software.

“The stock has not done much, and he’s under pressure to boost numbers,” said Abhey Lamba, an analyst at Mizuho Securities USA Inc. “He wants to de-emphasize about two-thirds of his business, and that’s a hard strategy to push because it would mean overall revenue will shrink.”

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