Michael Dell coughs up $750 million cash to buy out Dell

A company logo of Dell is seen on the cover of its laptop at a Dell outlet in Hong KongSAN FRANCISCO (Reuters) – Michael Dell and his investment firm are ponying up $ 750 million in cash toward the $ 24.4 billion purchase of Dell Inc to help bankroll the largest private equity-backed buyout since the financial crisis. The Dell founder and CEO this week struck a deal to take private the company he created out of a college dorm room in 1984, partnering with private equity house Silver Lake and Microsoft Corp. …


Full Story Via Tech News Headlines – Yahoo! News


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>