Dell going private, declares it can only innovate if its beholden to shareholders
This morning Dell, one of the personal computing world’s biggest Windows vendors is going private with a little help from Microsoft itself.
Upon approval from the usual regulatory organizations and Dell’s shareholders Michael Dell will be partnering with Silverlake Partners in a $24.4 billion transaction that, according to the company will allow it to “continue to deliver the superior solutions, services and experiences that our customers have come to expect.”
Unfortunately, with no new and exciting product announcements made today, we’ll have to wait to see if this changes anything at all from a product pipeline or consumer interest perspective anytime soon. Still, if this helps improve their portfolio we’re not exactly opposed to it. Heck, this was written on a Dell Vostro V13.
The transaction should close by the end of Dell’s second quarter for Fiscal Year 2014.