PC manufacture Dell finalized a deal in September to sell the majority of its shares to founder Michael Dell for a cool $24.9 billion. He combined his efforts with private equity firm Silver Lake Partners. Mr. Dell already owned 16 percent of the company’s share but added $750M in cash to the purchase. He intends to take the company private, which he says will give the company more time to develop projects and will eliminate the focus on stock price as the main measure of his company’s success.
His campaign to buy the company was nearly derailed by billionaire Carl lcahn, who thought privatizing was a bad idea, and that the price tag was too low.
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