Dell Goes Private

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

As demand for personal computers is showing signs of slump, the world’s third-largest PC maker Dell has agreed to be taken private for $24.4 billion.

World’s largest software maker Microsoft Corp has agreed to provide $2 billion to Michael Dell and private equity firm Silver Lake to help finance their move to take PC maker Dell Inc private. Microsoft has said that this has been done as part of the company’s support for maintaining a healthy PC ecosystem.

“Microsoft has provided a $2 billion loan to the group that has proposed to take Dell private. Microsoft is committed to the long term success of the entire PC ecosystem and invests heavily in a variety of ways to build that ecosystem for the future.....See More