Dell Finalizes Plans to Go Private

Dell Finalizes Plans to Go Private(Ping! Zine Web Tech Magazine) – Computer maker Dell can finally breathe a sigh of relief, on Tuesday noting it had completed its transaction of going private after multiple months of negotiations.

Purchasing the company is a partnership made up of private equity firm Silver Lake Partners and Dell founder Michael Dell.

Via a press release, Michael Dell hailed the move as an “exciting new chapter as a private enterprise.”

“Our 110,000 team members worldwide are 100 percent focused on our customers and aggressively executing our long-term strategy for their benefit,” Dell continued.

The total transaction amount is set at $24.9 billion with Dell stockholders receiving $13.75 in cash for each common stock they hold.

Silver Lake was previously involved with an acquisition of top domain registrar Go Daddy.