It turns out Michael Dell is pulling out all the stops to save his company, with the help of Microsoft’s $2 billion loan to help re-privatize Dell. With all financial details put aside, the investment firm Silver Lake along with the new privatized deal between Dell, stockholders, could be roughly placed at $24.4 billion. Michael Dell stays CEO, and gets additional capital and shares to go along with the package. It’s also worth nothing that shares are now worth $13.65 each.
Microsoft’s statement on the transition:
“Microsoft has provided a $2 billion loan to the group that has proposed to take Dell private. Microsoft is committed to the long term success of the entire PC ecosystem and invests heavily in a variety of ways to build that ecosystem for the future.”
Going deeper into 2013, it would be great if Dell could actually make some compelling products that keeps it alive. We shall see.