Dell pursues "transformation" with $24.4B plan to go private

Michael Dell announced he is taking the company that bears his name private in a $24.4 billion leveraged buyout that includes roughly $700 million of his own money, a cash infusion from Silver Lake and the assumption of $15 billion in new debt. Analysts say that if shareholders approve the deal, Dell, once the leading manufacturer of PCs, may reduce or eliminate its consumer products and focus on emerging enterprise solutions. "Dell's transformation is well under way, but we recognize it will still take more time, investment and patience," Dell wrote in a memo to employees.

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