World's No. 3 PC maker Dell to go private in $30.2 billion deal
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Dell Inc founder and chief executive Michael Dell smiles during a business conference organised in New Delhi in this March 22, 2011, file photo. Computer maker Dell will go private in a US$24.4 billion (S$30.2 billion) deal that also involves Microsoft and private equity firm Silver Lake, the parties said on Tuesday. -- PHOTO: REUTERS
NEW YORK (REUTERS) - Computer maker Dell will go private in a US$24.4 billion (S$30.2 billion) deal that also involves Microsoft and private equity firm Silver Lake, the parties said on Tuesday.
Company founder Michael Dell and Silver Lake are paying US$13.65 per share in cash for the world's No. 3 computer maker.
The deal is being financed by cash and equity from Michael Dell, cash from Silver Lake, cash from Michael Dell's investment firm MSD Capital, a US$2 billion loan from Microsoft and debt financing from four banks.
The transaction is expected to close before the end of the second quarter of Dell's fiscal 2014.
