via allthingsd.com
Michael Dell, the founder of the computing and technology company that bears his name, confirmed today that he intended to buy it back from shareholders. In a deal announced this morning, Dell and Silver Lake Partners will buy out the company’s existing shareholders in a transaction worth $24.4 billion.
The deal values Dell at $13.65 a share, amounting to a 25.5 percent premium over the closing price of $10.88, where Dell was trading on Jan. 11 before the first reports of renewed interest in a buyout transaction emerged.
The deal also brings together private equity fund Silver Lake with software giant Microsoft, and represents the latest step in a relationship that began when Microsoft bought out Skype for $8.5 billion in 2011.
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