Dell sells itself to founder, buyout firm in $24.4 billion deal driven by PC industry slump

  • Article by: MICHAEL LIEDTKE , Associated Press
  • Updated: February 5, 2013 - 6:42 PM

SAN FRANCISCO - Slumping personal computer maker Dell 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.

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roymercerFeb. 5, 13 9:24 AM

Firms that go private get stuff done!

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kesummFeb. 5, 1312:06 PM

Let's hope it also works out for Richard Schulze and Best Buy. The market is driven by lemming like analyists who could never build on their own what guys like Dell, Schulze, Jobs and Gates did on their own. Yet market insiders suck up dollars that should go to those that are really making a company go.

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jepop90Feb. 5, 1312:37 PM

This is a good move. The demands and expectations of Wallstreet are unrealistic and often drive public corporations to make stupid, short term decisions. Going private allows a company to make a realistic long term plan and stick to it rather than bow to the pressure of making quarterly numbers.

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MorgFeb. 5, 13 2:05 PM

I guess this is why, with the current promotion they had going and a coupon code I dug up, I got a top of the line, several thousand dollar desktop for a grand.

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