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Dell is officially a privately held company again - Microsoft coughs up $2bn to help make it happen

Dell to buy back shares for $13.65 each, will once again be a privately held business.

@CharlesJGantt
Published Tue, Feb 5 2013 10:48 AM CST   |   Updated Tue, Nov 3 2020 12:24 PM CST

This morning the AP is reporting that Dell has indeed decided to go private, as we recently reported. We have heard rumors of this for weeks and now it will become a reality as soon as next Tuesday. Michael Dell, Silver Lake and Microsoft are the key players in the deal with shareholders not suffering in the deal.

Dell is officially a privately held company again - Microsoft coughs up $2bn to help make it happen | TweakTown.com

The deal includes a massive investment from Michael Dell himself as well as a loan of $2 billion from Microsoft and $1 billion from private equity firm Silver Lake. Dell shareholders stand to make a decent profit as well when the company buys back all the public stock at $13.65 a share.

Analysts have mostly been split on the decision to take the company private. Some see it as a great move as it would allow decisions to be made out of the public eye, make restructuring easier, and would allow the company to sell off less than stellar performing parts of the company. Others argue that this will only prolong the death of the once great company. What do you think?

NEWS SOURCE:techcrunch.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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