Dell Privatizes for $24 billion

On 8 February 2013 by Pete Petersen
Dell Goes Private

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Dell has announced that it will be going private in a bid to better serve its customers. On one hand, it shows Michael Dell’s commitment to the organization and its continued success since he is sinking into the deal a literal fortune of his own.

Zack Whittaker did the write-up on the deal. A couple things stand out. Michael Dell and Silver Lake, the primary investor organization, did well by the stockholders with a 25%-35% increase on stock value since buy-out rumors started.

In addition, this should put Dell squarely in position to deliver on promises and plans made while on its merger/buying spress over the past few months. In particular, this move will allow Dell to put vWorkspace into a more strategic and faster-moving position than otherwise would have been possible.