Dell goes private in $24.4 billion deal, including $2 billion loan from Microsoft
Quote:
Dell has officially closed a buyout of the company, taking the company off the publicly-traded stock market and into private hands. The deal is being financed by cash and equity from CEO Michael Dell, funds from investment firms Silver Lake and MSD Capital, a $2 billion loan from Microsoft, plus debt financing from a number of banks as well as Dell's cash on hand. Dell's shareholders will receive $13.65 for each share of common Dell stock they hold, up about 25 percent from Dell's closing share price of $10.88 back on January 11th, which Dell says is the last day prior to rumors of the buying starting to circulate. Those rumors have escalated in the last week, when Bloomberg and The Wall Street Journal reported that discussions to bring Dell private were serious, and that a deal could be reached in the following six weeks.
http://www.theverge.com/2013/2/5/390...l-goes-private
Hopefully it'll allow Dell to re-become the great company they used to be.
