VENTURE CAPITAL POST

GoDaddy Inc is planning an initial public offering early next year that would value the world's biggest provider of web addresses at roughly $4.5 billion, the New York Post said.

Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.

According to sources who were familiar with the matter, Dell Inc had been working with AlixPartners LLP to help the company turn its financial position around after its leveraged buyout by its founder and Silver Lake Management LLC.

Dell's net income plunged by 72% to USD204 million or 12 US cents per share as the sales of personal computer extended their downward coil.

Michael Dell together with Silver Lake Management LLC considered US$24.4 billion buyout offer for Dell Inc to be their utmost and final bid.

Dell buyout will not push through at US$24.4 billion.