February 6, 2013

So Dell Is Private Now. What's Next?

Michael Endler, InformationWeek


Dell is officially going private. After weeks of rumors, the company on Tuesday announced it had agreed to a buyout led by CEO Michael Dell, who started the company in 1984 in his UT-Austin dorm room, and private-equity firm Silver Lake Partners. The largest leveraged buyout since the financial crisis began in 2007, the $24.4 billion deal includes Microsoft's expected minority stake of $2 billion.

Under the terms of the agreement, Dell stockholders will be paid $13.65 per share. Dell will entertain competing offers for 45 days, but assuming no unforeseen changes, Michael Dell will remain CEO once the deal becomes official.

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