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.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.