Of course Michael Dell and Silverlake are trying to buy Dell. But that does not mean it is going to happen.
The issue is at what price. The BOD has to hire a firm to find other potential offers and #$%$ what is a fair price. There are going to be lawsuits over this whole process. Michael Dell cannot be buyer and in charge of selling at the same time. It is a blantant conflict of interest. The people most likely to file a lawsuit are not on yahoo, but they are out there.