September 12, 2013

Dell Going Private Through $25 Billion Buyout

Michael Dell has finally wrestled control of Dell, the company he founded, back from its shareholders. A board vote this morning ends month of speculation on whether it would approve Michael Dell's multibillion-dollar offer to take the company private. Dell's offer saw strong competition in the form of a counteroffer from "activist investor" Carl Icahn, but Icahn ultimately pulled the plug on his attempt, saying that it would be "almost impossible" to win today's shareholder vote.

"I am energizing to continue building Dell."

The plan to take Dell private was almost approved back in July, but a series of postponements delayed the decision. Since the idea was first floated, Dell has had to up his offer, and the final agreed package is...

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