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Dell Is Now a Private Company Again

Posted by timothy on from the back-to-the-dorms dept.

Gunfighter writes "StreetInsider.com reports that Dell, Inc. completed its go-private transaction by Michael Dell, Dell's Founder, Chairman and CEO, and Silver Lake Partners, a leading global technology investment firm. Stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash dividend of $0.13 per share to stockholders of record as of the close of business on Oct. 28, 2013, for total consideration of $13.88 per share in cash. The total transaction is valued at approximately $24.9 billion."

2 of 151 comments (clear)

  1. Re:Not bad by alexander_686 · · Score: 4, Informative

    Nope, those are corporate debt. It’s standard practice in a Leverage Buy Out. A close analogy is when you refi your house and pull cash out. The value of the house remains the same, your personal value remains the same (both assets and liabilities increase by the same amount) , it just your debt to equity ratio increases.

  2. Re:Only one more step left... by zieroh · · Score: 4, Informative

    Your grasp of history is weak, or perhaps just willfully ignorant. Michael Dell uttered those words in late 1997. The iMac was announced in 1998.

    --
    People who say "sheeple" have about as much sophistication as an AOL user, and in fact are probably actually AOL users.