Dell will be taken private for $24.4 billion, or $13.65 a share, in a transaction announced today that will allow the company to try to turn itself around without the pressure of shareholder expectations.
Founder and CEO Michael Dell, who owns about 14 percent of Dell's common shares, teamed up with Silver Lake Partners to acquire the company. Microsoft is also kicking in a $2 billion loan.
The deal, which is subject to regulatory and shareholder approval, should be wrapped up before the close of Dell's fiscal second quarter, which ends in July. Following completion of … Read more