Dell Went Privat

Dell Inc. will again be a private company. Michael Dell agreed to buy all the shares of Dell Inc. on Wall Street for U.S. $ 24.4 billion and an end to 24-year journey as a public company.

Dell will partner with private equity firm Silver Lake and Microsoft Corp. to finance the repurchase of shares through debt or leveraged buyout (LBO), the largest after the global financial crisis. To complete the action, Dell requires the approval of a majority of shareholders.

Dell executives on Tuesday (5/2), said the company will expand its software business and computing services to large enterprises, including increased cooperation with IBM.

It was made to pursue a decline in sales of personal computers (PCs) were unable to compete with tablets and smart phones (smartphones). analysts predicted