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Thursday, October 31, 2013

Dell returns to private ownership

Technology manufacturer Dell has moved from being a publicly-traded company to a privately-owned business this week.

Michael Dell, who founded the company and is its current CEO, has worked with investment firm Silver Lake Partners to complete a deal valued at approximately $24.9 billion. (£15.5 billion).

The company published a statement that said “As a private company, we are going back to our roots, to the entrepreneurial spirit that made Dell one of the fastest growing, most successful companies in history. We’re unleashing the creativity and confidence that have always been the hallmarks of our culture. We will be able to serve our customers with a single-minded purpose and drive the innovations that will change our world for the better.”

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Author: The Fonecast
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