{"id":988,"date":"2013-02-07T12:59:38","date_gmt":"2013-02-07T17:59:38","guid":{"rendered":"http:\/\/blog.nccomputertech.com\/?p=988"},"modified":"2013-02-07T12:59:38","modified_gmt":"2013-02-07T17:59:38","slug":"its-official-dell-going-private-in-24-billion-deal","status":"publish","type":"post","link":"https:\/\/nccomputertech.com\/techtalk\/2013\/02\/07\/its-official-dell-going-private-in-24-billion-deal\/","title":{"rendered":"It&#039;s official: Dell going private in $24 billion deal"},"content":{"rendered":"<p>Dell has officially confirmed what\u2019s been rumored for the last few weeks by announcing plans to go off the publicly-traded stock market and into private hands. According to a press release issued moments ago, the transaction will be financed through a combination of cash and equity from founder Michael Dell, funds from investment firms Silver Lake and Michael Dell\u2019s MSD Capital, a $2 billion loan from Microsoft, plus debt financing from a number of banks. All in all the deal is valued at approximately $24.4 billion.<br \/>\nDell&#8217;s shareholders will receive $13.65 for each share of common stock they hold in the company, up about 25 percent from Dell&#8217;s closing share price of $10.88 back on January 11th when rumors of a buyout began to circulate. Under the terms of the deal, there will be a 45-day \u201cgo shop\u201d period during which the firm will be open to other offers before closing the deal.<br \/>\nLike many others in the industry, Dell has fallen on hard times as of late due to declining interest in traditional computers. The company has been trying to transform itself from what was once the world\u2019s top PC maker into a business known more for a diverse portfolio of enterprise IT hardware, software and services &#8212; not unlike HP and IBM before that. But if Microsoft\u2019s investment is any indication, Dell is unlikely to exit or lower its focus on the consumer PC space any time soon, and will remain a key partner for Windows 8 devices.<br \/>\nHere\u2019s Microsoft\u2019s short statement regarding their $2 billion loan:<br \/>\nMicrosoft has provided a $2 billion loan to the group that has proposed to take Dell private. Microsoft is committed to the long term success of the entire PC ecosystem and invests heavily in a variety of ways to build that ecosystem for the future. We&#8217;re in an industry that is constantly evolving. As always, we will continue to look for opportunities to support partners who are committed to innovating and driving business for their devices and services built on the Microsoft platform.<br \/>\nIf everything goes through as planned Michael Dell will continue to lead the company as Chairman and CEO, his company just won&#8217;t have to deal with the scrutiny from shareholders as he attempts to turn things around.<br \/>\nvia <a href=\"http:\/\/www.techspot.com\/news\/51542-its-official-dell-going-private-in-24-billion-deal.html\" target=\"_blank\">It&#8217;s official: Dell going private in $24 billion deal &#8211; TechSpot<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dell has officially confirmed what\u2019s been rumored for the last few weeks by announcing plans to go off the publicly-traded [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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Makes $70 Billion, Cuts 3% of Workforce","author":"NCCT","date":"May 16, 2025","format":false,"excerpt":"https:\/\/youtu.be\/L0nyc9O5qYY On Windows Weekly, Paul Thurrott and Richard Campbell try to comprehend the sweeping employee layoffs happening at Microsoft in the wake of $70 billion in revenue. The company wants to increase its \"agility by reducing layers.\" Is this the return of Dark Satya?","rel":"","context":"In &quot;Microsoft&quot;","block_context":{"text":"Microsoft","link":"https:\/\/nccomputertech.com\/techtalk\/category\/microsoft\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/L0nyc9O5qYY\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9446,"url":"https:\/\/nccomputertech.com\/techtalk\/2018\/12\/03\/friends-in-bikinis-this-week-in-tech-695\/","url_meta":{"origin":988,"position":1},"title":"Friends in Bikinis &#8211; This Week in Tech 695","author":"NCCT","date":"December 3, 2018","format":false,"excerpt":"https:\/\/youtu.be\/puMBVNv91ZU - Black Friday was Amazon's biggest sales day ever - Marriott Hack hit half a billion Starwood guests for 4 years - Indian Microsoft scammers busted - Amazon's new machine learning racecar, quantum blockchain, and more from re:Invent - When is Amazon rolling out Prime Health? - UK grabs\u2026","rel":"","context":"In &quot;Apple&quot;","block_context":{"text":"Apple","link":"https:\/\/nccomputertech.com\/techtalk\/category\/apple\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/puMBVNv91ZU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9428,"url":"https:\/\/nccomputertech.com\/techtalk\/2018\/10\/28\/all-the-presidents-phones-this-week-in-tech-690\/","url_meta":{"origin":988,"position":2},"title":"All the President&#8217;s Phones &#8211; This Week in Tech 690","author":"NCCT","date":"October 28, 2018","format":false,"excerpt":"https:\/\/youtu.be\/pmfcU05twvo IBM buys Red Hat, worst Windows 10 ever, Right to Repair wins, and more. -- What's in store for Apple's big event this Tuesday? -- Tim Cook vs the \"data industrial complex\" -- Amazon's government controversies -- IBM buys Red Hat for $34 billion - the largest software purchase\u2026","rel":"","context":"In &quot;Apple&quot;","block_context":{"text":"Apple","link":"https:\/\/nccomputertech.com\/techtalk\/category\/apple\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/pmfcU05twvo\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9405,"url":"https:\/\/nccomputertech.com\/techtalk\/2018\/10\/07\/odorless-and-weightless-hackers-this-week-in-tech-687\/","url_meta":{"origin":988,"position":3},"title":"Odorless and Weightless Hackers &#8211; This Week in Tech 687","author":"NCCT","date":"October 7, 2018","format":false,"excerpt":"https:\/\/youtu.be\/lb4rnqfNdas Chinese Spy Chips, Microsoft Highs and Lows, Pixel 3 Event Predictions, and More! Bloomberg reports that China used tiny chips to spy on Apple, Amazon, and the US government. Apple and Amazon deny it. How do we know who is right? All the news from the Microsoft Surface event,\u2026","rel":"","context":"In &quot;Apple&quot;","block_context":{"text":"Apple","link":"https:\/\/nccomputertech.com\/techtalk\/category\/apple\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/lb4rnqfNdas\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9374,"url":"https:\/\/nccomputertech.com\/techtalk\/2018\/07\/08\/this-week-in-tech-674-go-dung-beetles\/","url_meta":{"origin":988,"position":4},"title":"This Week in Tech 674: Go Dung Beetles!","author":"NCCT","date":"July 8, 2018","format":false,"excerpt":"https:\/\/youtu.be\/AUy6JMi1pRw Survival of the Richest, Failing Facial Recognition Tech, \/r\/thanosdidnothingwrong, and More! -- Billionaires prepare for the coming apocalypse: have you bought your missile silo condo yet? -- London police's facial recognition fail: pilot program results in 98% false positive rate, zero arrests. --Amazon expanding its cashierless Amazon Go stores.\u2026","rel":"","context":"In &quot;Technology&quot;","block_context":{"text":"Technology","link":"https:\/\/nccomputertech.com\/techtalk\/category\/technology\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/AUy6JMi1pRw\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9385,"url":"https:\/\/nccomputertech.com\/techtalk\/2018\/07\/23\/this-week-in-tech-676-falling-asleep-as-the-robots-wake-up\/","url_meta":{"origin":988,"position":5},"title":"This Week in Tech 676: Falling Asleep as the Robots Wake Up","author":"NCCT","date":"July 23, 2018","format":false,"excerpt":"https:\/\/youtu.be\/uV5cQYtuJjU This Week in Tech - The future is flying cars! (Or not-flying cars, perhaps holes in the ground.) - Apple's new MacBooks suffering from thermal throttling - is it the end for Intel? - Google hit with $5 billion fine by EU for Android shenanigans. - Will Fuschia be\u2026","rel":"","context":"In &quot;Apple&quot;","block_context":{"text":"Apple","link":"https:\/\/nccomputertech.com\/techtalk\/category\/apple\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/uV5cQYtuJjU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/posts\/988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/comments?post=988"}],"version-history":[{"count":0,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/posts\/988\/revisions"}],"wp:attachment":[{"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/media?parent=988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/categories?post=988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nccomputertech.com\/techtalk\/wp-json\/wp\/v2\/tags?post=988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}