Dell To Be Bought Out By Founder, Microsoft & Investment Firm

Michael Dell, founder of Dell, Inc., is buying back his eponymous company to the tune of $24 billion, aided by a $2 billion loan from Microsoft and a $15 billion investment from Silver Lake private equity firm.

The press release states that shareholders will receive $13.65 per share in cash, which represents a 37% premium over the average closing share price over the past 90 days, or a 25% premium over the closing share price on 11 January 2013 (the last trading day before the rumours about the operation went public).

Michael Dell will be heading the corporation he created nearly three decades ago. The transaction is to be finalised before the end of Quarter 2 2013.