U.S. & World
U.S. & World

Dell Will be Purchased for $24.4 Billion Dollars

By on February 6, 2013

Dell will be sold for $24 Billion dollars. Furthermore, the technology firm will have to delist from Wall Street. Investors will be paid approximately  $ 13.65 for each share.

Computer maker Dell will come out of the stock market after the purchase agreement valued at $24.4 billion involving one of the founders of the company, Michael Dell, the software giant Microsoft and private equity firm Silver Lake, reported the parties.

Michael Dell and Silver Lake will pay U.S. $ 13.65 for each share of the third-largest PC maker in the world.

The deal is financed with cash and shares of Michael Dell, Cash for Silver Lake; effective Dell’s investment firm, MSD Capital, a loan of U.S. $ 2 billion Microsoft Corp, and four banks credits.

The transaction is expected to close before the end of the second quarter of fiscal 2014 of Dell Inc.


News of the talks first appeared on January 14, although it was reported that negotiations had begun in the final stretch of 2012. Michael Dell had been saying since 2010 that he had thought of taking the  company out of the stock market.

The price of $ 13.65 implies a premium of 24% over the average of $ 11 to which the roles of Dell traded before news of the negotiations for purchase. However, the value is much lower than the $ 17 that marked the titles a year ago.

Dell has steadily lost market share of personal computers to rivals such as Lenovo. Despite the efforts of Michael Dell in the five years that he regained control of the company he founded in 1984, there was nothing he could do after a brief interlude in which the fate of the company deteriorated rapidly.

The share price of Dell was suspended at the opening of the market.