Dell Goes Private
Bloomberg:
Dell Inc. is going private in a $24.4 billion leveraged buyout that signals the waning of the personal-computer industry it once dominated.
undertaking the biggest leveraged buyout since the financial crisis. Chief Executive Officer and founder Michael Dell and Silver Lake Management LLC will pay $13.65 a share, the companies said today in a statement. Microsoft Corp. is contributing $2 billion.
What goes around comes around. In 1997, when Dell founder Michael Dell was asked about what a struggling Apple should do, he notably said: “What would I do? I’d shut it down and give the money back to the shareholders.”
And now after nearly two decades, Dell is doing so!