By Karlee Weinmann ( April 19, 2013, 4:34 PM EDT) -- General Electric Co. could still proceed with plans to purchase Dell Inc.'s financing branch even after its prospective partner on the deal, private equity titan Blackstone Group LP, dropped its buyout bid for the Texas computer maker, Dow Jones Newswires reported Friday. Under a preliminary agreement with New York-based Blackstone, GE could have paid up to $5 billion for Dell's financing arm — a transaction that would have given the private equity firm some help in financing its $25 billion-plus bid. With Blackstone out of the mix, it remains unclear who GE would have to approach to seal a deal. The door is open for Dell to move ahead with a previously approved plan to sell itself to a tandem Silver Lake Partners and founder Michael Dell, or accept a rival offer from activist investor Carl Icahn....
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