Dell officially goes private

Dell officially goes private

Credit: AP

In this Tuesday, Aug. 21, 2012, photo, the sun is reflected in the exterior of Dell Inc.'s offices in Santa Clara, Calif. Slumping personal computer maker Dell announced Tuesday, Feb. 5, 2013, it is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the Great Recession dried up the financing for such risky maneuvers. (AP Photo/Paul Sakuma)

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by KVUE News

kvue.com

Posted on October 29, 2013 at 5:47 PM

ROUND ROCK -- Dell is now a privately held company.

The Round Rock-based computer maker announced Tuesday that the buyout led by founder Michael Dell and Silver Lake Partners is complete.

They spent close to $25 billion to buy back stock to make the company private.

Michael Dell released a statement saying the company had entered "an exciting new chapter as a private enterprise."
 

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