14 DAY TRIAL // After months upon months of paperwork toil, and a narrowly avoided hostile takeover attempt by a billionaire activist, Dell has finally gone private.
This means that the company CEO and Founder Michael Dell won't have to bow down to pressure from shareholders when deciding the course of the company. Because there are no shareholders left.
At most, it will have to confer with the private equity firm Silverlake, which contributed to the money used to make the buyout.
The total sum paid was of $24.9 billion / €18.09, resulting from $13.88 / €10.08 per share in cash.
All I can say is that it was about time. Michael Dell has been struggling with this buyout since February, and would have probably been done before summer started if activist investor Carl Ichan hadn't tried to essentially steal the company from under him.
Tablets will be the first order of business, but we have no details yet.