Dell to Sell Itself for $24.4 Billion

[W4GPL]

Dell Inc. on Tuesday said it reached a deal to take itself private, in a $24.4 billion buyout that marks an unofficial end to the era when a handful of young entrepreneurs made PCs the dominant computing device.

http://online.wsj.com/article/SB10001424127887324900204578285582125381660.html

:clap: I believe this is going to give Michael Dell the ability to take big risks.. with great rewards. Someone needs to inject some flare into the dying PC market and I think Michael Dell is the right man at the right time.

[WØTKX]

Well, it looks that way on the Surface. ;)

[W4GPL]

Linux is big business for Dell, I don't see them alienating that market, at least not on the server front..

[WØTKX]

We use all Dells here, except for the Linux lane transaction PC's.
Everything Else is Winders. :lol:

[N1LAF]

I bet Dell is getting a lot of push back on Windows 8, and this may give them leverage up against Microsoft.

Look what happened to poor IBM when Microsoft and Intel literally took the PC Architecture away from IBM

[WØTKX]

I bet Dell is getting a lot of push back on Windows 8, and this may give them leverage up against Microsoft.

Look what happened to poor IBM when Microsoft and Intel literally took the PC Architecture away from IBM

Oh. Well, surprise surprise, you're not paying attention...

Microsoft invests $2 billion in Dell buyout (http://seattletimes.com/html/microsoftpri0/2020291084_microsoft_invests_2_billion_in_dell_buy out.html)



The buyout of Dell by a private investment group that includes Microsoft has gone through in a $24.4 billion deal announced today.The agreement "will allow Dell's management to attempt a company turnaround away from the glare and financial pressures of Wall Street," according to The Associated Press (http://seattletimes.com/html/businesstechnology/2020289034_apusdellacquisition.html), which also says:


Dell stockholders will be paid $13.65 per share to leave the company on its own. That's better than $11 level the stock was hovering at before word of the buyout talks trickled out last month, but a steep markdown from the shares' price of $26 less than five years ago.Once the sale to a group of investors that includes investment firm Silver Lake is finalized, Dell's stock will stop trading on the Nasdaq nearly 25 years after the Round Rock, Texas, company raised $30 million in an initial public offering of stock.



Microsoft confirmed that it's provided a $2 billion loan to the group, with a statement (http://www.microsoft.com/en-us/news/Press/2013/Feb13/02-05Dell.aspx) saying:


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. We're in an industry that is constantly evolving. As always, we will continue to look for opportunities to support partners who are committed to innovating and driving business for their devices and services built on the Microsoft platform.

[N1LAF]

Wonder if that is actually a bribe...

;)