According to an article on CNET, Dell, Inc. is taking itself back from public ownership. Michael Dell and Silver Lake Partners are purchasing the company’s shares to acquire the company. Michael Dell already owns 14% of the company stock and will continue in the role of CEO after the purchase.
The move will free the company from shareholder eyes while turning itself around, amidst losing market share to other foreign companies. Dell lost the number 2 position among PC manufacturers in late 2011. The company has seen declining stock prices throughout the course of 2012.
Along with the investment from Sliver Lake Partners, Microsoft has also “kicked-in” a $2 billion dollar loan! While apparently not an investment, it remains to be seen what influence Microsoft may have, given the size of funding. Click here to read the story.