Dell Goes Private

[littleman]

http://allthingsd.com/20130205/dell-confirms-plan-to-go-private-in-24-4-billion-buyout-deal/#

Michael Dell, the founder of the computing and technology company that bears his name, confirmed today that he intended to buy it back from shareholders. In a deal announced this morning, Dell and Silver Lake Partners will buy out the company's existing shareholders in a transaction worth $24.4 billion.

The deal includes a $2 billion loan from Microsoft.

[ergophobe]

Fascinating - I haven't been tracking this at all.

It makes me wistful for the days when Dell was one of the most dynamic companies in the tech world, once trading at just shy of $60/share and ending at $10 just before the buyout (which raised it to $13). So roughly it once had a market cap of close to $100B.

[BoL]

Between this and Liberty Global buying Virgin Media for $23b and suddenly there's money around.