Dell has indeed made the decision to go private, according to reports on Tuesday from The AP and other sources. The deal reportedly involves a leveraged buyout worth $24.4 billion by company founder Michael Dell and partners. Talks about Dell going private have been growing this year, with reports last week saying that Michael Dell was offering up to $1 billion of his own funds to take control of the company to help make it happen. The deal was reportedly brought to the Dell Board of Directors for a vote last night according to Bloomberg. The deal will also include Microsoft, which is investing $2 billion in the deal, as well as private equity firm Silver Lake Partners, which will invest $1 billion, according to a source speaking to Reuters. Dell stockholders will get $13.65 in cash per share in the arrangement, Reuters reports, with Michael Dell remaining at the helm of the newly private entity.
Dell Goes Private In $24.4 Billion Deal
on 2.5.13
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).
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