http://www.theverge....ll-goes-private
Dell has officially closed a buyout of the company, taking the company off the publicly-traded stock market and into private hands. The buyout has been rumored since last week, when Bloomberg and The Wall Street Journal reported that discussions to bring Dell private were serious, and that a deal could be reached in the following six weeks
Bloomberg also reports that board members met last night to vote on the move, while the Wall Street Journal cites top execs as saying company founder Michael Dell is a man "increasingly worried about his legacy." Michael Dell has reportedly lost enthusiasm for the day-to-day running of the company since reclaiming his position as CEO of the company in 2007.
As rumored earlier, Microsoft helped broker the deal, offering a reported $2 billion to facilitate the sale. The buyout has been rumored since last week, when Bloomberg andThe Wall Street Journal reported that discussions to bring Dell private were serious, and that a deal could be reached in the following six weeks.
As to why Microsoft would want to own a chunk of Dell, it may be that Microsoft wants to ensure a major partner persists with Windows over Android or Chrome OS; or it could have something to do with the more-than 2,400 patents that the Texas-based manufacturer has to its name.
Dell has struggled in recent years to maintain its position in the PC industry, losing more than a third of its value in 2012. By going private, however, the company won't have to deal with quarter-to-quarter scrutiny from shareholders as it attempts to turn things around.
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