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FEB 04, 2013 - Business Insider

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Now Dell's Board Is Voting On A $24 Billion Buyout Backed By Microsoft (DELL, MSFT)

A $24 billion deal to take computer maker Dell private faces one last hurdle: The company's board is voting on the offer tonight, Bloomberg reports. According to multiple reports, Silver Lake, a buyout firm will invest $1 billion or more; Microsoft will invest $2 billion; and founder Michael Dell will contribute his 16 percent ownership of the current company and $700 million for a majority stake. The deal will also be backed by $15 billion in debt. Besides Michael Dell, who's the board chairman, Dell's board includes Facebook investor Jim Breyer, former American Airlines CEO Don Carty, and ... Read More

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