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Dell finally makes the move to go private

In what is to be the biggest privatization of a publicly traded company since the economic downfall since 2008, Dell will go private by signing up a $24.4 Billion deal, which will make Microsoft and other stakeholders as small-time investors for the company.

Microsoft will provide $2 Billion to help Dell set its operations accordingly and the rest of the money will come from various sources including from the founder where its said that he has invested around $3 Bn of his own money.  

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Michael Dell said the following in his press release:

I believe this transaction will open an exciting new chapter for Dell, our customers and team members. We can deliver immediate value to stockholders, while we continue the execution of our long-term strategy and focus on delivering best-in-class solutions to our customers as a private enterprise.

Dell has made solid progress executing this strategy over the past four years, but we recognize that it will still take more time, investment and patience, and I believe our efforts will be better supported by partnering with Silver Lake in our shared vision.

I am committed to this journey and I have put a substantial amount of my own capital at risk together with Silver Lake, a world-class investor with an outstanding reputation. We are committed to delivering an unmatched customer experience and excited to pursue the path ahead.

Source: CNET | WSJ

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