According to a published report, billionaire investor Carl Icahn is unlikely to follow through on a preliminary offer to acquire Dell, becoming the second suitor to revise views of the company after reports showed a staggering decline in PC sales.

The Wall Street Journal says Icahn will now likely wait to see if shareholders approve a February deal for the company to be taken private by founder Michael Dell and Silver Lake Partners for $24.4 billion.

— From wire reports