Dell unveils private equity buyout worth $24.4 bln
- Published: 5 Feb 2013 at 22.44
- Online news: World
Dell unveiled plans to go private in a $24.4 billion deal, giving founder Michael Dell a chance to reshape the former number one PC maker away from the spotlight of Wall Street.
Michael Dell speaks on September 22, 2010 in San Francisco, California. Dell has unveiled a plan to take the former number one computer maker private in a buyout worth $24.4 billion led by the company's founder.
"I believe this transaction will open an exciting new chapter for Dell, our customers and team members," Michael Dell said in unveiling the deal with equity investment firm Silver Lake, backed by a $2 billion loan from Microsoft.
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