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Dell Hightails It Into Private Territory
Posted by: Peter Suciu February 5, 2013 02:24 PM

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After years of diminishing returns amid a slumping PC market, Dell announced Tuesday that it would take itself private in a leveraged buyout estimated at $24.4 billion. Chairman and CEO Michael Dell will buy back the company he founded in a University of Texas dorm room in 1984. Dell, partnering with global technology investment firm Silver Lake, is also getting a $2 billion loan from longtime software partner Microsoft, which hopes to reignite the company’s fortunes.

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